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All eyes are on the UK market now that the uncertainty of Brexit has been quashed and the coronavirus vaccination programme is well under way. The country has been one of the most unloved across the globe for investors, with consistent mass outflows of cash since the EU referendum in 2016. Meanwhile, the dramatic numbers … Read more
The £26bn coronavirus loans fiasco: Fraudsters have snapped up a fortune from bounce-back handouts intended to help small firms during lockdown Staggering potential bill revealed after investigation by National Audit Office The scheme was rushed out by Chancellor Rishi Sunak in May Mr Sunak promised they would provide a ‘quick and easy’ lifeline for firms By … Read more
Two men are arrested over ‘scam to fraudulently claim more than half a million pounds in coronavirus ‘bounce-back loans’ meant for small businesses’ Alleged fraud uncovered following a drug search on a vehicle in Holland Park Scotland Yard has orders to freeze 10 bank accounts containing £553,305 Scammers ‘met and paid people £300 to open … Read more
Two men are arrested over ‘scam to fraudulently claim more than half a million pounds in coronavirus ‘bounce-back loans’ meant for small businesses’ Alleged fraud uncovered following a drug search on a vehicle in Holland Park Scotland Yard has orders to freeze 10 bank accounts containing £553,305 Scammers ‘met and paid people £300 to open … Read more
Hundreds of Barclays customers rage as bank’s systems CRASH in the middle of bounce-back loan applications while others are left waiting for up to two hours on the phone By Danyal Hussain For Mailonline Published: 18:46 BST, 5 May 2020 | Updated: 19:08 BST, 5 May 2020 Furious Barclays customers have hit out at the … Read more
Hundreds of small businesses have today applied for government-covered bounce-back loans to help them recover in the wake of the coronavirus, it has been revealed. Banking giant Barclays says it received 200 applications within the first minute of the launch of the scheme this morning. Lloyds says it has received 2,000 requests already today, with … Read more
Small businesses will get access to new loans worth up to £50,000 backed by a 100 per cent government guarantee, it was announced today. Chancellor Rishi Sunak unveiled the provision in the latest escalation of the massive bailouts for firms hit by the coronavirus lockdown. After complaints of delays and problems in getting cash from … Read more
Treasury warns that Britain’s economic recovery will be a prolonged U-shaped curve that will hit the country harder Internal report warned the economy could take years to recover from outbreak The analysis, circulated to ministers last week, indicated permanent damage It comes as Rishi Sunak is set to announce further £1.25billion business package Money will … Read more