Breaking news
More than 1.4million businesses are given more time to repay Covid ‘bounce back’ loans over fears of economic catastrophe Chancellor Rishi Sunak is expected to announce a ‘pay as you grow’ scheme Almost £4.5billion has been loaned under the Government scheme so far New measures will allow businesses to extend loan terms from six to … Read more
More than 1.4million businesses are given more time to repay Covid ‘bounce back’ loans over fears of economic catastrophe Chancellor Rishi Sunak is expected to announce a ‘pay as you grow’ scheme Almost £4.5billion has been loaned under the Government scheme so far New measures will allow businesses to extend loan terms from six to … Read more
John Lewis to repay £300m Government Covid loan ahead of schedule after Christmas sales held up better than expected The John Lewis Partnership will repay the funds before due date of 15 March Waitrose is yet to repay back the business rates relief though JLP said profits for the full year are likely to be … Read more
Bookmakers urged to repay business rates relief after online betting booms under lockdown By Tom Witherow For The Daily Mail Published: 21:51 GMT, 7 December 2020 | Updated: 22:12 GMT, 7 December 2020 MPs have urged bookmakers to repay tens of millions of pounds of business rates relief after online betting boomed in lockdown. A … Read more
Tesco has announced it will repay £585 million it saved from the coronavirus business rates holiday after enjoying a sales surge during lockdown. The decision comes after the supermarket giant was criticised for accepting the business rate relief while paying a £315 million dividend to shareholders. Chairman John Allan said the board ‘are conscious of … Read more
A bent solicitor and her husband who defrauded the taxpayer out of almost £95,000 in a legal aid scam will have to repay just £5,584. Babita Attra, 41, made sure her lover Alexandru Major, 35, got lucrative translation contracts as part of the scam. Criminal law solicitor Attra and her Romanian husband Major were convicted … Read more
Companies repay nearly £400m in furlough cash as HM Revenue & Customs says it expects to investigate 10,000 over abuse of the huge bailout HMRC and Treasury officials gave evidence to MPs about huge Covid bailouts HMRC’s Jim Harra revealed that £382million of furlough has been repaid so far The department expects to investigate 10,000 … Read more
Howdens Joinery to repay £30m of furlough cash and rates relief thanks to booming demand after lockdown By Daily Mail City & Finance Reporter Published: 21:52 GMT, 2 November 2020 | Updated: 21:52 GMT, 2 November 2020 Howdens reports surging profits as families prepare to bed down for a winter indoors Howdens Joinery will repay … Read more
A beauty salon boss who enjoyed a round-the-world party girl lifestyle before being jailed for smuggling £1.5million worth of cocaine has been told she only needs to repay £41. Stephanie Nelson, 32, was four months pregnant when a Kent Police officer stopped her Hyundai iX35 at the Dartford Tunnel in June last year. The officer … Read more
A convicted fraudster who swindled a fortune from pensioners by selling them ‘worthless coloured diamonds’ must repay £350,000 or serve another four years in jail. Gilbert King, 51, along with Stephen Rogers, 57, and Bobby Sales, 33, fooled investors into purchasing what they thought were valuable gems through a sham company. Customers were duped into … Read more