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Attempts to use taxpayer money to fund a new wave of business challenger banks were dealt another blow a fortnight ago as Nationwide Building Society announced it was scrapping a move into SME lending. Britain’s largest mutual is the latest to hand back money it was given to expand its business proposition after Metro Bank … Read more
Thousands of Britons have had holidays cancelled due to the coronavirus pandemic and many of those are now hoping for a cash refund. While this is possible, albeit reasonably time consuming, for travellers who booked directly with airlines, those who had made a booking with a third party operator will find they are unlikely to … Read more
Requests for donations towards the NHS, offers of tax refunds and coronavirus quizzes designed to harvest personal details are just some examples of the thousands of phishing attempts bombarding Britons at the moment, police revealed. Action Fraud, the UK’s fraud reporting service, said last week it had received almost 2,650 reports of coronavirus-related phishing since … Read more
It is a canard of investing wisdom that short term stock market gyrations should not really matter. If you have invested for the long term in a way that suits your objectives and attitude to risk, just sit tight. But what is short term and long term? Five years has always been the standard stipulation … Read more
IMF warns countries including the UK are facing a ‘massive’ rise in debt due to the Covid-19 outbreak By Ruth Sunderland for the Daily Mail Published: 22:06 BST, 15 April 2020 | Updated: 22:36 BST, 15 April 2020 Countries including the UK are facing a ‘massive’ rise in debt due to the Covid-19 outbreak, the … Read more
Some of America’s largest banks set aside £20bn to cover cost of loans turning sour in coronavirus slump By Daily Mail City & Finance Reporter Published: 22:06 BST, 15 April 2020 | Updated: 22:36 BST, 15 April 2020 Some of America’s largest banks have set aside £20 billion to cover the cost of loans turning … Read more
Deloitte and EY join their Big Four rivals by cutting partners’ pay as accountancy industry plunges into crisis By Daily Mail City & Finance Reporter Published: 22:06 BST, 15 April 2020 | Updated: 22:36 BST, 15 April 2020 Deloitte and EY have joined their Big Four rivals by cutting partners’ pay as the accountancy industry … Read more
Amazon boss Jeff Bezos adds an astonishing £22bn to his fortune during coronavirus crisis as demand for online deliveries surges By Daily Mail City & Finance Reporter Published: 22:06 BST, 15 April 2020 | Updated: 22:36 BST, 15 April 2020 Amazon boss Jeff Bezos has added an astonishing £22 billion to his fortune during the … Read more
ALEX BRUMMER: Royal Mail boss Rico Back displaying a sad derogation of leadership by working from home in Switzerland By Alex Brummer for the Daily Mail Published: 22:06 BST, 15 April 2020 | Updated: 22:36 BST, 15 April 2020 Royal Mail employees have courageously kept letter and parcel services operating in the midst of a … Read more
The horrendous impact of Covid-19 lockdown on the output of the British economy, on jobs and on the public finances, is an indisputable fact of our new lives. But the scale of the hit, as documented by two reports, is so big that the shock is amplified. No wonder then that ‘hawk’ Chancellor of the … Read more