Rishi Sunak’s spending review: at a glance The Government has spent an estimates £280billion this year protecting the country from coronavirus. Office for Budget Responsibility (OBR) forecasts economy will contract 11.3 per cent this year, the largest fall in output in more than 300 years. Borrowing this year to hit £394billion, the highest ever in … Read more
Rishi Sunak is readying billions of pounds more for infrastructure, the NHS and defence in what looks like a final splurge as the coronavirus crisis hammers the public finances. The Chancellor will use the spending review on Wednesday to push ahead with huge investment on schools, hospitals, colleges and prisons to meet Tory election pledges. … Read more
End of duty-free ‘will cost billions’: Luxury goods firms including Gucci and Tiffany warn that ending VAT refunds will hit UK economy hard Rishi Sunak is ending VAT refunds for international visitors to British shops It is estimated the move could cost the economy up to £3.5billion 11 leading luxury firms have written to Chancellor … Read more
Kanye West discloses he’s worth ‘hundreds of millions of dollars’ (not billions!) in documents filed as part of his controversial presidential bid The rapper, 43, set out his finances in forms submitted to the Federal Election Commission He values three of his companies at $50 million apiece He claims his partnerships with Adidas and Nike … Read more
Billions starring Damian Lewis gets renewed by Showtime for a sixth season as Corey Stoll is promoted to a series regular By Deirdre Simonds For Dailymail.com Published: 21:52 BST, 1 October 2020 | Updated: 21:52 BST, 1 October 2020 Billions was renewed for a sixth season at Showtime on Thursday, in addition to confirmation that … Read more
Rishi Sunak ‘wants to divert billions from foreign aid budget to pay for spies, drones and cyberweapons’ UK has a legal obligation to spend 0.7 percent of GDP (£15.8bn this year) on aid But a review of foreign, defence and security policy could see priorities shift Sunak has told Cabinet any boost for defence will … Read more
Another record month for Premium Bond buys: Billions more are now in the draw – does it make the odds of winning a £1m jackpot far slimmer? Savers have poured billions of pounds into Treasury-backed NS&I since March The bank is effectively propping up savings rates and hoovering up billions There were 6.2bn £1 Premium … Read more
Fears Rolls-Royce will need billions in taxpayer bailout: Engineer has taken a £3bn Covid pandemic hit By Francesca Washtell For The Daily Mail Published: 21:50 BST, 9 July 2020 | Updated: 21:50 BST, 9 July 2020 Rolls-Royce burned through £3billion of cash during the first six months of the year as coronavirus dealt a hammer-blow … Read more
Billions of stolen usernames and passwords discovered for sale on the Dark Web – with bank accounts being flogged for as little as £56 Cybersecurity firm Digital Shadows said it found more than 15 billion credentials Bank account details were available for between £56 and £400 apiece Five billion of the identified credentials were assessed … Read more
Hand back furlough billions, firms are urged as builder Redrow becomes the latest to pledge to return the money By Matt Oliver For The Daily Mail Published: 22:26 BST, 30 June 2020 | Updated: 22:26 BST, 30 June 2020 Big companies are facing pressure to hand back taxpayer cash used to furlough their staff after … Read more