Boss of one of Britain’s challenger banks hits out at Treasury for failing to include smaller lenders when it was setting up its lifeline loan scheme By Daily Mail City & Finance Reporter Published: 22:16 BST, 29 May 2020 | Updated: 22:16 BST, 29 May 2020 The boss of one of Britain’s challenger banks has … Read more
Start-ups hit by the lockdown have been given fresh hope for survival as applications for the Government’s coronavirus Future Fund opened today. The new scheme, which has been developed alongside the British Business Bank, will issue convertible loans between £125,000 to £5million to innovative companies which are facing financing difficulties due to the coronavirus outbreak. … Read more
Treasury throws a lifeline to savers facing financial difficulties due to Covid-19 by reducing exit fees By Sylvia Morris For The Daily Mail Published: 22:01 BST, 5 May 2020 | Updated: 23:35 BST, 5 May 2020 Savers facing financial difficulties due to Covid-19 have been thrown a lifeline. In a welcome move, HM Treasury has … Read more
Richard Branson has touched a raw nerve with his £500million bailout request for Virgin Atlantic. He is portrayed as a tax-avoiding wastrel, living the high life in the Caribbean with a reputation for treating women carelessly. All this is true and the Virgin Money rescue of Northern Rock after the financial crisis cost the taxpayer … Read more
Aviva offers 90-day lifeline for car and home insurance customers struggling in the virus crisis By Money Mail Reporter For The Daily Mail Published: 22:01 BST, 14 April 2020 | Updated: 23:11 BST, 14 April 2020 Aviva will let car and home insurance customers defer premiums for up to three months Aviva will let car … Read more
Charities across Britain have welcomed the announcement by the government to create a £750million package of support to ensure they continue vital work. This week, Chancellor Rishi Sunak outlined that £360million would come direct from government departments while £370million would be dedicated to smaller charities which would be helped by a grant from the National … Read more
NHS engineer refused £250,000 lifeline from taxpayer-backed RBS: Crisis-hit firm makes vital kit for hospital beds By James Salmon for the Daily Mail Published: 21:50 BST, 9 April 2020 | Updated: 22:03 BST, 9 April 2020 Struggling: Tufnol boss Roy Thomason was turned down for an emergency loan An engineering company which makes vital components … Read more
Savers’ lifeline as Tesco mulls £550m payout: 220,000 small investors in line for dividend By Matt Oliver For The Daily Mail Published: 21:55 BST, 5 April 2020 | Updated: 22:15 BST, 5 April 2020 Tesco is expected to press ahead with a £550m dividend for shareholders this week. The supermarket giant is likely to post … Read more
Small banks hand savers a lifeline despite two quickfire base rate cuts as best buy short fixed-rate deals appear… but they may disappear fast The Bank of England has cut its base rate from 0.75% to 0.1% in eight days This has led to a fear of a raft of savings cuts and best buy … Read more
Chancellor’s £430m tax sting for shops – on same day that he offers a lifeline By Neil Craven, Financial Mail on Sunday Published: 23:46 GMT, 7 March 2020 | Updated: 23:46 GMT, 7 March 2020 The Government will this week try to halt a massive £430million tax refund to shop owners – at the same … Read more