moneynews

Taxpayers will pay the cost of Bounce Back loans: £24bn lent over Covid sparks bad debt fears By James Salmon for the Daily Mail Published: 23:55 BST, 9 June 2020 | Updated: 23:56 BST, 9 June 2020 The extraordinary take-up of Bounce Back loans will result in ‘absolutely massive bad debts’ for taxpayers, a think-tank … Read more

Scrap two-metre rule to save economy: Business leaders plead with the Prime Minister to relax social distancing By James Salmon for the Daily Mail Published: 23:55 BST, 9 June 2020 | Updated: 23:55 BST, 9 June 2020 Business leaders have pleaded with the Prime Minister to relax the two-metre rule amid fears that millions of … Read more

Probate wait hits two months: Bereaved families facing long delays to gain control loved one’s finances By Fiona Parker For The Daily Mail Published: 22:13 BST, 9 June 2020 | Updated: 22:13 BST, 9 June 2020 Probate applications should usually take ten days, but social distancing measures mean staff process forms remotely Bereaved families are … Read more

Many people have turned to baking and gardening in lockdown, but others have used their free time on the sometimes lucrative pursuit of ‘comping’. Comping is where you enter as many competitions as you can — from online prize draws to magazine quizzes. The idea is that the more you enter, the more likely you … Read more

Wounded investors who lost everything in high-stake funds are fighting to win their life savings back in a multi-million pound lawsuit. Two big-name British insurers are in the dock, facing claims they sidestepped this country’s investment regulations to allow money to be ploughed into dubious funds via the Isle of Man. Lawyers believe trusting victims … Read more

More gloom for savers as Goldman Sachs closes its market-leading Marcus account to new customers By Miles Dilworth For The Daily Mail Published: 22:01 BST, 9 June 2020 | Updated: 22:01 BST, 9 June 2020 Goldman Sachs Marcus account, has been near the top of best buy tables since 2018 Beleagured savers have been dealt … Read more

Currys customers bemoan poor service claiming calls and emails have been going unanswered since lockdown By Amelia Murray For The Daily Mail Published: 22:01 BST, 9 June 2020 | Updated: 22:01 BST, 9 June 2020 Currys shoppers say they are at their wits’ end with the store’s poor customer service. Money Mail readers say that … Read more

Britain’s infrastructure tsar has urged Ministers to ramp up investment in roads, railways, windfarms and broadband to dig the country out of one of the deepest recessions in history. Sir John Armitt has said the Government can afford to increase infrastructure spending significantly – even as it borrows eye-watering sums to keep the economy going. … Read more

British Airways is heading for a vicious showdown with unions after relations appeared to spiral out of control over the airline’s plan for drastic job cuts. In a flurry of incendiary briefings last night, the two parties seemed further apart than ever over proposals to lay off up to 12,000 of its 43,000 staff – more … Read more

On Wednesday, I had a small hit of life going back to normal. My favourite local independent coffee shop reopened – serving coffees and home-baked cookies out of a makeshift window hatch. The owner has adapted somewhat to keep afloat, by delivering cookies in the local area at the weekends while practicing social distancing. Seeing … Read more