42billion

BP records massive £4.2BILLION annual loss after demand for oil plummeted during pandemic

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BP has suffered a mammoth annual loss of £4.2billion after oil prices and demand plummeted amid the pandemic.  The oil giant’s hefty underlying replacement cost losses compare with profits of £7.3billion in 2019 and come despite a bounce-back in the second half of the year.   BP’s results for the final quarter of 2020 show it … Read more

HALF of Rishi Sunak’s £42billion Covid business loans ‘being hoarded in firms’ bank accounts’

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Tens of billions of pounds of taxpayers’ money dished out as loans to keep struggling firms afloat during the pandemic are being hoarded in bank accounts instead, MPs have been told. Some £21billion – half of the total £42billion doled out by Rishi Sunak under various schemes – has yet to be used by the … Read more