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Judging by the bags under Rishi Sunak’s eyes there is much keeping the Chancellor awake at night, and nothing more so than the mammoth UK debt pile. Sunak has had no option but to open the taps during the pandemic and while there is still much more spending to come, he has made it clear … Read more
Former LSE boss Dame Clara Furse heads campaign to turn the City into green hub By Daily Mail City & Finance Reporter Published: 22:13 GMT, 3 March 2021 | Updated: 22:13 GMT, 3 March 2021 Green drive: Dame Clara Furse will establish a group to turn the City into the world’s biggest hub for trading … Read more
Boss of insurer Hiscox regrets ‘uncertainty and anguish’ of small firms over unpaid Covid claims By Daily Mail City & Finance Reporter Published: 22:12 GMT, 3 March 2021 | Updated: 22:12 GMT, 3 March 2021 Regret: Hiscox boss Bronek Masojada The boss of Hiscox regrets the ‘uncertainty and anguish’ of small businesses when the insurer refused … Read more
Micro Focus’s value soared by more than £200million after the software group struck a partnership with Amazon. Micro Focus specialises in wringing profit out of old computer systems it acquires by selling software and maintenance services to banks and retailers which use them. But under the deal with Amazon Web Services, Micro Focus will help … Read more
Eurozone headed for a double-dip recession as the slow vaccine rollout prolongs the economic misery By Daily Mail City & Finance Reporter Published: 22:12 GMT, 3 March 2021 | Updated: 22:12 GMT, 3 March 2021 The eurozone is heading for a double-dip recession as the slow rollout of Covid-19 vaccines prolongs economic misery across the … Read more
Confidence among UK services sector firms at highest level in 15 years as bosses eye end of lockdowns By Daily Mail City & Finance Reporter Published: 22:11 GMT, 3 March 2021 | Updated: 22:11 GMT, 3 March 2021 Confidence among firms in Britain’s services sector has risen to its highest level for nearly 15 years … Read more
City warns over UK dash to join Spacs craze claiming investors will lose money if rules are relaxed By Mark Shapland For The Daily Mail Published: 22:10 GMT, 3 March 2021 | Updated: 22:10 GMT, 3 March 2021 The Chancellor’s plans for a UK Spacs boom have been met with heavy criticism from top financiers … Read more
The Treasury’s much anticipated ‘green savings bonds’ could be a major disappointment for rate-starved savers, according to experts. Chancellor Rishi Sunak announced in the Budget that everyday Britons would be able to help fund the country’s green recovery from the pandemic through bonds offered by National Savings & Investments. Details remain thin on the ground … Read more
Business has been placed at the heart of today’s Budget and the Chancellor has announced a number of sweeping changes to try and bolster jobs and investment up and down the country. Among a string of big-ticket announcements, we now know there’s a surprise new ‘super deduction’ plan on the way, corporation tax is going … Read more
Newly self-employed people will be breathing a sigh of relief today as the Chancellor confirmed that those who traded between and have completed a tax return for 2020 to 2021 are eligible for Covid subsidies. The group, which includes more than 600,000 people who went self-employed last year, was unable to access the first three … Read more