Primark will repay £121m in furlough cash after ‘record sales’ since reopening this month 

Experts are calling for an extension of the business rates holiday as new figures reveal the extent of job losses so far this year. Pictured: A boarded up Debenhams on Oxford Street Bonmarché, the value-oriented clothing retailer, went into administration for the second time in a year on 2 December 2020. There are 226 stores … Read more

More than 1.4m firms are given more time to repay Covid ‘bounce back’ loans over default fears 

More than 1.4million businesses are given more time to repay Covid ‘bounce back’ loans over fears of economic catastrophe Chancellor Rishi Sunak is expected to announce a ‘pay as you grow’ scheme Almost £4.5billion has been loaned under the Government scheme so far New measures will allow businesses to extend loan terms from six to … Read more

John Lewis to repay Government Covid loan ahead of schedule

John Lewis to repay £300m Government Covid loan ahead of schedule after Christmas sales held up better than expected The John Lewis Partnership will repay the funds before due date of 15 March Waitrose is yet to repay back the business rates relief though JLP said profits for the full year are likely to be … Read more

Bookmakers told to repay business rates relief as online betting booms

Bookmakers urged to repay business rates relief after online betting booms under lockdown By Tom Witherow For The Daily Mail Published: 21:51 GMT, 7 December 2020 | Updated: 22:12 GMT, 7 December 2020 MPs have urged bookmakers to repay tens of millions of pounds of business rates relief after online betting boomed in lockdown. A … Read more

Tesco WILL repay £585 million it saved from Covid business rates relief scheme

Tesco has announced it will repay £585 million it saved from the coronavirus business rates holiday after enjoying a sales surge during lockdown. The decision comes after the supermarket giant was criticised for accepting the business rate relief while paying a £315 million dividend to shareholders. Chairman John Allan said the board ‘are conscious of … Read more

Howdens Joinery to repay £30m of furlough cash and rates relief

Howdens Joinery to repay £30m of furlough cash and rates relief thanks to booming demand after lockdown By Daily Mail City & Finance Reporter Published: 21:52 GMT, 2 November 2020 | Updated: 21:52 GMT, 2 November 2020 Howdens reports surging profits as families prepare to bed down for a winter indoors Howdens Joinery will repay … Read more

Sub-prime lender Provident Financial will repay furlough cash

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

TONY HETHERINGTON: Santander won’t repay our €7,000

Tony Hetherington is Financial Mail on Sunday’s ace investigator, fighting readers corners, revealing the truth that lies behind closed doors and winning victories for those who have been left out-of-pocket. Find out how to contact him below.  P.H. writes: We sold a property in Spain. The proceeds were transferred to us here in the UK, … Read more

Asos says it will REPAY the Government for cost of furloughing

Asos has confirmed it plans to repay the Government the money it saved by furloughing around 1,000 staff via the Job Retention Scheme as the pandemic hit.  In a trading update, Asos said: ‘As a result of our expectation that we will deliver a better than initially anticipated full-year performance, we are repaying the support … Read more