Even the greatest optimist will draw cold comfort from the April-to-June data from the Paris-based OECD, which places Britain firmly at the bottom of output tables for the G7 biggest economies in the second quarter. The UK’s performance is so much worse than that of the country’s major competitors that it verges on embarrassment, at … Read more
Sub-prime lender Provident Financial slumped to a £32.6million loss in the six months to 30 June, new results show. The group, which runs Vanquis Bank and Moneyfarm, said the loss was better than it had been expecting given the potential impact of Covid-19 on its business. Provident now plans to repay all the cash it … Read more
Thousands of furlough applications blocked by taxman due to fears they are fraudulent By Daily Mail City & Finance Reporter Published: 21:51 BST, 21 August 2020 | Updated: 21:51 BST, 21 August 2020 Thousands of furlough applications have been blocked by the taxman due to fears they are fraudulent. More than 30,000 applications for the … Read more
As Mike Ashley’s retail empire predicts sales boom, MPs demand he hands back furlough cash Frasers Group placed 18,000 staff on furlough as the lockdown forced it to shut down its shops in late March The company has revealed it made an annual profit of more than £143m By Tom Witherow For The Daily Mail … Read more
Ladbrokes owner refuses to hand back furlough millions despite cashing in on an online gambling boom By Matt Oliver For The Daily Mail Published: 21:51 BST, 13 August 2020 | Updated: 21:51 BST, 13 August 2020 Ladbrokes owner GVC is refusing to hand back money it took to furlough staff, despite cashing in on an … Read more
Dr Martens kicks back furlough cash as sales continue to grow despite the closing of stores By Daily Mail City & Finance Reporter Published: 21:51 BST, 12 August 2020 | Updated: 21:51 BST, 12 August 2020 Well heeled: Supermodel Gigi Hadid wearing Dr Martens boots Dr Martens has become the latest firm to pay back … Read more
New Scottish Tory leader heralds furlough pay for millions of workers as key benefit of being part of Great Britain – while warning Westminster not to neglect the Union Douglas Ross said the furlough scheme was only possible because of the Union He urges Prime Minister Boris Johnson to show Union is ‘inclusive and in … Read more
Rishi Sunak has that rare quality among politicians of sounding as though he means what he says. Using the jargon, he comes across as authentic and his enthusiasm makes him immensely likable. Even his nickname, Dishi Rishi, is complimentary rather than derogatory. Again, rare for a politician. Tough call: Chancellor Rishi Sunak admits there is hardship ahead … Read more
William Hill hands back furlough millions after enjoying a ‘robust recovery’ post lockdown By Matt Oliver For The Daily Mail Published: 21:50 BST, 5 August 2020 | Updated: 21:50 BST, 5 August 2020 Gambling giant William Hill has become the latest firm to hand back furlough money to the Government following a ‘robust recovery’ following … Read more
Statistics on the economy are, to most people, just a remote and abstract jumble of numbers – right until the moment they are the one to have lost their job. It happened to my father in the 1980s and it is happening to hundreds of thousands of people right now. Yet there seems to be … Read more