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TOM LEONARD: Could Donald Trump’s coronavirus tantrums cost him a second term in the White House?

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To those in Britain and across the world who hope and pray that their political leaders are up to the challenges posed by coronavirus, well, just be thankful you don’t live in the US. Yesterday, Donald Trump compared the governors of states who might seek to defy him over his desire to end the lockdown … Read more

Deadly disease killing olive trees across the Mediterranean could cost the industry £17.5BILLION

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Deadly disease killing olive trees across the Mediterranean could cost the industry £17.5BILLION and force the price up in supermarkets Xylella fastidiosa pathogen infecting trees in Italy and maybe Spain and Greece It is the most deadly disease in the world for plants and there is no cure  Researchers predict there will be a knock-on … Read more

Switch away from ‘flawed’ RPI inflation in 2025 would cost BT £1.7bn

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A switch away from a flawed measure of inflation as early as 2025 would leave BT needing to fill a £1.7billion hole in its pension fund, a senior executive has said. Morten Nilsson, the chief executive of the BT pension fund, Britain’s largest private sector scheme with close to 300,000 members, said switching billions of … Read more

Banks warned as they hike cost of mortgages but slash savings rates 

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Watchdog warns banks to treat their customers fairly as they hike the cost of mortgages but slash savings rates By Daily Mail City & Finance Reporter Published: 21:51 BST, 9 April 2020 | Updated: 22:04 BST, 9 April 2020 Interim FCA boss Chris Woolard said he is looking into concerns that banks are not passing … Read more

Half of UK firms plan to furlough most of their staff, at a potential cost of £40bn of the Treasury

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Half of UK businesses have furloughed nearly ALL their staff after take-up of government scheme was three times more than expected and could cost £40bn Nearly 20% of small businesses plan to furlough all of their staff  Treasury estimates originally thought 10% of firms would adopt the scheme But new figures from the BBC show … Read more

Coronavirus could cost the global economy $4.1 trillion – Asian Development Bank warns

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Coronavirus could cost the global economy $4.1 trillion – five per cent of worldwide output – Asian Development Bank warns Asian Development Bank says coronavirus could cost economy $4.1 trillion   The estimated impact is equivalent to nearly five percent of worldwide output Crisis has sent equity markets spinning as traders fret over the long-term impact … Read more

Coronavirus housing market freeze to cost Treasury more than half its stamp duty revenue

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If you’re trying to move house and are unsure how the Government’s announcement will affect you, removal quote provider Reallymoving has put together the following advice:  Securing a mortgage  · Be prepared to provide evidence of job security, something banks will be checking even more closely than usual. · With surveyors currently unable to carry … Read more

Coronavirus UK: Grand National cancellation set to cost £500MILLION amid Covid-19 pandemic

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Grand National cancellation set to cost a staggering £500MILLION with bookies hit hardest by the loss of revenue from Aintree’s three-day festival amid coronavirus lockdown The cancellation of the Grand National is set to prove financially shattering  A total of half a billion pounds will be lost, with the bookies losing £400million   There are £60m … Read more