Bus firms’ shares revved higher after the Government offered them a further bailout package. Companies will receive £167m of funding over the next three months on the condition that they keep running up to 50 per cent of their services in England. The rescue comes on top of another promise of Government support, worth £230m, … Read more
Rishi Sunak bans banks from charging rip-off loans to ailing firms as the chancellor steps in after lenders were accused of exploiting businesses Rishi Sunak is stepping in after lenders were said to be exploiting businesses Banks allegedly turning down requests for Government cash support scheme Some have been telling companies they can get one … Read more
Bailout of the giants: Biggest firms put thousands of staff on furlough – and we face £60bn bill British Airways, Nissan, Arcadia and Ovo all planning to furlough workers Join a growing list of names, from Greggs to Costa, McDonald’s and Primark Experts say as many as 6.1million private sector employees could be furloughed By … Read more
UK coronavirus bailout bill is set to SOAR after firms ‘furlough half their staff’ – as Rishi Sunak plans ANOTHER rescue package for business amid growing fears companies are unable to access the loans they need New survey of business suggests there is a massive take up of furlough scheme Some 44 per cent said … Read more
NHS heroes returning to help fight coronavirus being targeted by firms promoting tax dodging schemes By James Salmon for the Daily Mail Published: 21:50 BST, 1 April 2020 | Updated: 23:16 BST, 1 April 2020 Heroic doctors and nurses returning to help fight coronavirus are being targeted by rogue firms promoting aggressive tax avoidance schemes, … Read more
Firms that ARE doing the right thing by slashing pay in bid to save cash and survive the coronavirus pandemic By Tom Witherow For The Daily Mail Published: 21:51 BST, 1 April 2020 | Updated: 21:51 BST, 1 April 2020 Growing numbers of companies are slashing bosses’ pay in a bid to save cash and … Read more
Britain’s ‘greedy’ banks are threatening the future of up to a million firms who say they will go bust after being denied access to the Government’s emergency loan scheme set up to bail them out because of coronavirus. Victims have told MailOnline the Treasury’s ‘approved’ lenders are ‘taking advantage’ of the crisis and offering interest rates … Read more
Nearly a fifth of small British businesses could be forced to close in the next four weeks after running out of cash amid complaints the government-backed loan scheme was ‘not accessible’. Many bosses said banks had refused them an emergency loan for not meeting the criteria while others could not get through on the phone … Read more
Feckless businesses are taking advantage of the coronavirus crisis in the NHS by ramping up the price of gloves, masks and aprons up by up to 1,000 per cent, it was revealed today. Care homes say they could go to the wall because they are being ‘ripped off’ in order to properly protect their workers. … Read more
Our mailbag is overflowing with emails from bitterly disappointed holidaymakers whose travel plans are now in ruins. Many had spent thousands of pounds on once-in-a-lifetime trips to celebrate weddings, milestone birthdays and anniversaries. Now, as well as missing out on those holidays with loved ones, they are finding it near impossible to get their money … Read more