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Nearly half a million self-employed banked £1.3BILLION despite suffering no loss in income

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Nearly half a million self-employed workers banked £1.3billion of taxpayer cash despite suffering no loss in income during the coronavirus pandemic. The Resolution Foundation, which asked 6,000 people, found 17 per cent applying for the self-employed income support scheme had not had seen their earnings fall. It would suggest between March and September 435,000 workers received support even … Read more

Westpac is ordered to pay $1.3billion for breaching anti-money laundering rules

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Westpac has agreed to pay a record $1.3billion fine for breaching anti-money laundering rules – and enabling the funding of child exploitation and potentially terror activities. Australia’s second biggest bank has told the Australian Securities Exchange it had reached an agreement with AUSTRAC, the federal government agency charged with tackling organised crime. Westpac has admitted … Read more

Britain bets on another coronavirus vaccine with £1.3billion investment in Scottish factory

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The UK Government is investing £1.3billion in a French company’s vaccine factory in Scotland in the hope it will produce a working jab against Covid-19. Valneva, which is one of at least seven companies to have sold orders of its vaccine to Britain, will manufacture the jab at a facility in Livingston, Scotland, if it … Read more

TUI announces a £1.3billion loss after coronavirus shut down global travel

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TUI announces a £1.3billion loss after coronavirus shut down global travel but says bookings are UP for summer 2021 TUI announced it slumped to a huge loss as pandemic ravages travel sector Posted a bottom-line net loss of £1.3 billion in the period from April to June  Looking ahead, bookings for summer 2021 were up 145 … Read more

Rolls-Royce will cut 9,000 aerospace jobs to save £1.3billion

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Aerospace giant Rolls-Royce said today it plans to cut at least 9,000 jobs in the latest blow to the aviation industry as it continues to be hammered by the coronavirus crisis.  The Derby-based manufacturer, which has 52,000 employees worldwide, said it had been forced to conduct a ‘major reorganisation’ of the business to adapt to … Read more