Britons face £46BILLION of tax rises or spending cuts to get spiralling debt under control: OBR’s grim assessment as coronavirus pushes government deficit to peacetime record with UK’s IOU mountain set to top £2.8TRILLION Rishi Sunak has unveiled his spending review with billions of pounds more spending to shore up economy Chancellor’s plans were revealed … Read more
Up to three million jobs and 800,000 small and medium-sized businesses are at risk if companies cannot defer repayment on up to £46billion of Government-guaranteed loans and debt, experts warned today. Banking lobby group TheCityUK has said recapitalisation of these loans is ‘essential’ to protect SMEs and businesses will need help tackling debt which could … Read more
Rolls-Royce hands a £4.6bn chunk of its pensions scheme to Legal & General By City & Finance Reporter for the Daily Mail Published: 21:51 BST, 6 June 2019 | Updated: 21:51 BST, 6 June 2019 Rolls-Royce has offloaded a £4.6billion chunk of its pension scheme covering 33,000 members to Legal & General, in the biggest … Read more