Savers who stashed away extra cash totalling around £150billion during the pandemic look set to turbocharge the economy during the rest of 2021, City experts said after analysing the Bank of England’s new forecasts. Laith Khalaf, an analyst at AJ Bell, said: ‘The Bank of England is expecting a consumer spending spree to fuel an … Read more
Bogus savings sites hit record high: City watchdog battles torrent of online fraud By Matt Oliver and Lucy White For The Daily Mail Published: 21:50 BST, 5 May 2021 | Updated: 21:50 BST, 5 May 2021 A record number of financial scams is being uncovered as City regulators battle a torrent of fraud online. A … Read more
Wave of cash from rich firms will turbocharge the recovery, says Chancellor Rishi Sunak By Tom Witherow and Lucy White For The Daily Mail Published: 23:38 BST, 4 May 2021 | Updated: 23:38 BST, 4 May 2021 Cash-rich companies and consumers will unleash a wave of spending to turbo-charge Britain’s recovery from the pandemic, the … Read more
Does Chancellor Rishi Sunak’s £2bn jobs scheme Kickstart need a little kickstart itself? By Sarah Bridge, Financial Mail on Sunday Published: 21:52 BST, 1 May 2021 | Updated: 21:52 BST, 1 May 2021 When the £2billion Kickstart Scheme was launched by Chancellor Rishi Sunak last autumn, it was seen as a lifeline by many small … Read more
InsidePadua’s Arena Chapel, a series of fabulous frescos by Renaissance painter Giotto adorn the walls. In one, banker Enrico Scrovegni can be seen kneeling in front of the Virgin Mary, begging for forgiveness. He is said to have commissioned the entire set of works to atone for the great sin of charging interest on loans, … Read more
Court fight between restaurant groups and insurers over business interruption payouts heats up By Daily Mail City & Finance Reporter Published: 21:50 BST, 21 April 2021 | Updated: 21:50 BST, 21 April 2021 Corbin & King, which owns The Wolseley, believes they should have been paid business interruption insurance during the lockdowns The fight between … Read more
The taxman has blown the lid off the offshore interests of millions of Britons – exposing secret Swiss bank accounts and investments buried in the Caribbean. Armed with new international tax data and tougher penalty powers, HM Revenue & Customs (HMRC) is understood to have sent out tens of thousands of warning letters to UK … Read more
Embattled steel mogul Sanjeev Gupta was paying £100,000 a month for a luxury Belgravia residence during the pandemic at the same time as issuing a public plea to the Prime Minister for cash. Gupta was not even inhabiting the extraordinary property, which has a basement swimming pool, as he was asking for more public money, … Read more
For nearly 60 years, Joan Watts had her milk delivered to her doorstep. As many Britons have done for decades, she ordered by leaving a note with the empty bottles and paid the milkman, in earlier years in cash, then later by direct debit. But great-grandmother Joan, 90, is now one of thousands of older … Read more
Star fund manager Terry Smith hits the jackpot after his firm Fundsmith records stellar profits By Lucy White For The Daily Mail Published: 22:43 BST, 13 April 2021 | Updated: 23:18 BST, 13 April 2021 Fund manager Terry Smith has bagged a bumper payday of up to £125million after the firm recorded stellar profits. In … Read more