Breaking news
Pandemic drives national debt to highest since 1960: Government set to borrow a record £400bn this year By Lucy White For The Daily Mail Published: 21:50 GMT, 20 November 2020 | Updated: 22:04 GMT, 20 November 2020 The staggering cost of the coronavirus pandemic has pushed the national debt to its highest level since 1960. … Read more
Public sector debt hit a new high of £2.08TRILLION at the end of October as the Government borrowed £215billion in just seven months to prop up the UK economy during the coronavirus crisis Office for National Statistics said UK public sector debt has now hit £2.08trillion The Government borrowed £215billion in the seven months to … Read more
Rescue deal lined up for Cineworld as Covid-19 leaves it struggling under weight of £6.2bn debt pile Cineworld had to close all of its 127 sites in the UK during the first lockdown It is considering a company voluntary arrangement (CVA) This form of insolvency would see it pay a portion of its debt back to … Read more
UK debt could reach 105% of GDP due to the Government’s Covid spending as the economy suffers its worst contraction in 300 years Top Treasury mandarin Sir Tom Scholar faced the Public Accounts Committee Said Government would press on with providing short-term support to economy Warned UK economy likely to see worst annual contraction for … Read more
A huge charitable fund, originally set up almost 100 years ago, could be used to pay off some of the country’s national debt, a High Court judge has said. The National Fund was started in 1982 when an anonymous donor created a trust with a gift of half a million pounds – around £20million in … Read more
Donald Trump’s $1.1 billion mountain of debt is wrapped up in skyscrapers and golf courses, with $900 million of it due within the next four years while coronavirus hammers the real estate market, the Financial Times has revealed. The president has an estimated net worth of $2.5 billion but the economy has plunged off a … Read more
RUTH SUNDERLAND: Our national finances are in better fettle than Italy, the most heavily indebted nation in Europe after Greece, but we are in danger of becoming far too complacent Chancellor Rishi Sunak does not have a bottomless well on which to draw James Callaghan’s Labour government was forced to borrow $3.9billion from the IMF … Read more
AXIOM EUROPEAN FINANCIAL DEBT: Aiming for 10% returns buying debt issued by banks to meet regulatory requirements By Daily Mail City & Finance Reporter Published: 22:01 BST, 23 October 2020 | Updated: 22:25 BST, 23 October 2020 WHAT IS IT? Rather than investing in stocks, it buys debt and other instruments issued by banks to … Read more
Former MasterChef judge George Calombaris sells his $4.75 million Melbourne mansion as he continues to pay his collapsed restaurant empire’s debt – and home’s mystery buyer is revealed By Mary Mrad For Daily Mail Australia Published: 02:39 BST, 21 October 2020 | Updated: 02:39 BST, 21 October 2020 Former MasterChef judge George Calombaris has reportedly … Read more
Borrowers urged to move debt to a new balance transfer credit card before best deals disappear By Amelia Murray For The Daily Mail Published: 22:00 BST, 13 October 2020 | Updated: 22:00 BST, 13 October 2020 Borrowers are being urged to move debt to a new balance transfer credit card before the best deals disappear. … Read more