Borrowers who used Help to Buy loans to purchase their homes and are now selling up are finding rising house prices have bumped up their debt and created a nice litle earner for the Government. The number of home buyers using Help to Buy Equity Loans has surged by 40 per cent in a year, … Read more
Rishi Sunak ‘plans tax raid on pensioners’ to pay off Covid debts: Chancellor could freeze lifetime allowance in next week’s Budget leaving savers facing extra 25% levy on income Rishi Sunak is considering freezing lifetime allowance for the rest of parliament Freeze would push thousands above cusp and slap future payments with 25% tax But … Read more
EY Item Club forecasts companies will rack up ‘colossal’ £61bn pandemic debts that many will not start repaying for years By Daily Mail City & Finance Reporter Published: 00:01 GMT, 8 February 2021 | Updated: 00:01 GMT, 8 February 2021 Companies will rack up ‘colossal’ pandemic debts of £61billion that many will not start repaying … Read more
Britain’s transition into a nation of accidental savers last year certainly had an impact on its credit card bill. Those with extra disposable income and nowhere to spend it as a result of the lockdown opted to pay down their debts and fatten their bank balances, where once the nation eschewed a savings habit. Britain … Read more
Buy now, pay later schemes will face tighter regulation from the City watchdog to stop millions of young shoppers racking up huge hidden debts. The Financial Conduct Authority (FCA) today said bringing the sector under stricter control was a ‘matter of urgency’ after a review of the unsecured credit market found the scheme could ’cause harm … Read more
Model Laura Zilli, 35, (above) is the daughter of multi-millionaire celebrity chef, Aldo Zilli Socialite Laura Zilli has split from her businessman husband who has gone broke with debts of over £22million, MailOnline can reveal. Former reality TV star Laura, 35, daughter of celebrity chef Aldo Zilli, is in the process of a divorce from … Read more
Virgin Money’s profits plummet as the lender braces for a £501m surge in bad loans stemming from the pandemic Virgin’s annual profits have fallen by 77% to £124m, results today have revealed End of furloughing and more mass job cuts on the cards next year Lender also thinks the housing market could slow once stamp … Read more
Pizza Express appoints ex Wagamama boss as its chief executive and cuts debts by £400m in refinancing deal after axing 1,300 jobs and shutting 73 restaurants Chain named David Campbell as new chief and ex-Asda boss as its new chairman It comes week after company said it would cut 1,300 jobs across UK restaurants Group … Read more
Boris Becker, 52, ‘did NOT hand over his 1985 Wimbledon men’s singles cup and other trophies to settle his debts when he declared himself bankrupt in 2017’, court hears Becker, 52, is accused of failing to hand over trophies so they could be sold Trophies listed on 28-count indictment include 1985 Wimbledon men’s title He … Read more
The daughter of Rolling Stones singer Sir Mick has forged a successful career from showing off her figure as a model, but her company’s financial figures are less flattering Georgia May Jagger can’t get no satisfaction from her fashion and beauty business. The daughter of Rolling Stones singer Sir Mick has forged a successful career from … Read more