Coronavirus caused world’s middle class to fall by 90m, as number of poor rises 131m

The pandemic caused the world’s middle class to shrink for the first time since the 1990s last year, according to an estimate based on World Bank data. Another estimate showed that almost two-thirds of households in developing economies reported that they had suffered loss in income in 2020. A study from non-partisan research group Pew … Read more

Astrazeneca boss Pascal Soriot is the £90m vaccine hero

Astrazeneca boss Pascal Soriot scooped £15.4million in pay last year – taking his earnings to almost £90million since he took the reins at the British drug maker nine years ago. The chief executive’s 2020 package, his biggest yet, is up from £15.3million the previous year. It comes after his decision to join forces with Oxford … Read more

Asos will build giant £90m warehouse in UK and recruit 2,000 workers

Asos will build giant £90m warehouse in UK and recruit 2,000 workers over next three years – after £142m profits amid surge in online sales due to Covid Asos saw its  annual profits quadruple amid surge in online pandemic shopping  It is now set to open a £90 million UK warehouse which will be staffed … Read more

Exempting foreign NHS workers from surcharge only costs £90m

Boris Johnson‘s reasoning for refusing to exempt foreign NHS workers from the healthcare surcharge began unravelling tonight when a top economist slapped down his suggestion it would cost hundreds of millions.  The Prime Minister today hailed the £400 annual fee for migrants as a £900million revenue raiser, as he swatted away calls for the government … Read more

Exempting foreign NHS workers would only cost £90m says IFS

Boris Johnson‘s reasoning for refusing to exempt foreign NHS workers from the healthcare surcharge began unravelling tonight when a top economist slapped down his suggestion it would cost hundreds of millions.  The Prime Minister today hailed the £400 annual fee for migrants as a £900million revenue raiser, as he swatted away calls for the government … Read more