Money

The great oil price crash: Brent crude benchmark hits 21-year low in wake of drastic US slump 

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The great oil price crash: Brent crude benchmark hits 21-year low in wake of drastic US slump By Hugo Duncan for the Daily Mail Published: 23:11 BST, 21 April 2020 | Updated: 23:15 BST, 21 April 2020 The oil price in London crashed to a 21-year low just hours after US crude tumbled into negative … Read more

We MUST get rescue loans to our small firms, says Andrew Bailey

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When Andrew Bailey switched on his TV at home on Monday evening for the latest Covid-19 coverage and saw that the price of West Texas Intermediate oil had plunged into negative territory, it was something of an alarm call. For the Governor of the Bank of England – one of the small team of executives … Read more

Investors tell Royal Mail to tame fat cat pay after dividend was cut

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Now investors tell Royal Mail to tame fat cat pay after dividend was cut with ‘pain to be shared by management’ By Matt Oliver For The Daily Mail Published: 23:11 BST, 21 April 2020 | Updated: 23:14 BST, 21 April 2020 Top investors are calling on Royal Mail to slash fat cat pay after it … Read more

MARKET REPORT: Mining shares slump on steel production fears 

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London’s major mining companies led the FTSE 100 lower after a warning from BHP struck a nerve. The Anglo-Australian miner said global steel production – excluding China – could drop sharply this year due to the pandemic. Although it didn’t offer a specific figure, BHP said it could fall by double digits in percentage terms. … Read more

£10.8bn lent to 35 of the biggest firms, says Bank of England chief 

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Emergency loan scheme has already lent £10.8bn to 35 of the biggest firms, says Bank of England chief By Ruth Sunderland for the Daily Mail Published: 23:13 BST, 21 April 2020 | Updated: 23:13 BST, 21 April 2020 A Bank of England scheme set up to help larger companies with emergency loans has already dispensed … Read more

Self-employed and small firms are being denied vital financial support

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The country has now been in lockdown for a month and the Government has tabled an unprecedented support package for businesses, worth hundreds of billions of pounds. But some workers are still worried they will lose their jobs and business owners are still fearing collapse. Today, Money Mail shines a spotlight on the cracks where … Read more

Post Office launches cash delivery service for the vulnerable

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Post Office launches cash delivery service to ensure vulnerable can access pensions and benefits By Amelia Murray For The Daily Mail Published: 22:01 BST, 21 April 2020 | Updated: 23:05 BST, 21 April 2020 A new cash delivery service has been launched by the Post Office and the Department for Work and Pensions (DWP) to … Read more

Selfish shoppers hog supermarket delivery slots leaving needy waiting

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Selfish shoppers stealing delivery lifelines: They routinely hog the best supermarket slots – leaving the most needy waiting weeks for supplies Supermarkets urged to do more to ensure families can get regular deliveries Many complain they must  stay up into the small hours to secure a delivery spot  People able to visit shops urged to … Read more

ASK TONY: Why was hard-up son charged £51 to delay car loan payments

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My son has been laid off due to the coronavirus, so he contacted Suzuki Finance to arrange a one-month payment holiday. It agreed to this, but said it will charge him £51 for this month and for any subsequent months for which he may require a payment holiday; these fees will be added at the … Read more