Property sales worth billions are at risk over cliff-edge when stamp duty holiday ends, MPs warn MPs have warned thousands of house sales at risk when stamp duty holiday ends Cross-party debate heard billions of pounds risked unless tax cut was extended Homebuyers now face anxious wait for Rishi Sunak’s March 3 Budget By Martin … Read more
Joe Biden freezes billions of dollars of arms sales to the Middle East including F-35s to the UAE and smart bombs for Saudi Arabia State Department says deal for 50 F-35s for the United Arab Emirates is frozen while it is reviewed along with munitions deal for Saudi Arabia Trump administration rushed through last-minute deals … Read more
Nicola Sturgeon’s SNP demands BILLIONS of pounds in compensation for Scotland to make up for the ‘economic vandalism’ of Brexit England voted to leave the EU in the referendum, but Scotland voted to remain Scottish National Party say fishermen faced grave disruption due to Brexit Ian Blackford, the SNP’s leader in the British parliament, called for … Read more
Giant firms hand back billions in coronavirus loans: JCB and Westfield lead the race to repay Bank of England – and British taxpayers Half of the 14 largest loans from an official list published last June have now been repaid Those seven loans were worth £4.2billion It is understood that many smaller loans have also … Read more
A huge iceberg weighing hundreds of billions of tons is now just 30 miles away from South Georgia – threatening the habitat of millions of penguins. Iceberg A68a – which broke from the Antarctic’s Larsen C ice shelf in July 2017 – slid towards the open ocean for over two years until it hit the powerful Circumpolar … Read more
Rishi Sunak warned Cabinet they face a ‘sobering’ economic situation today as he prepares another spending splurge to shore up jobs and businesses before vaccines finally end the coronavirus crisis. The Chancellor briefed ministers ahead of a Spending Review that will pump billions of pounds into retraining the unemployed, as well as boosting infrastructure, the NHS … Read more
Rishi Sunak is readying billions of pounds more for infrastructure, the NHS and defence in what looks like a final splurge as the coronavirus crisis hammers the public finances. The Chancellor will use the spending review on Wednesday to push ahead with huge investment on schools, hospitals, colleges and prisons to meet Tory election pledges. … Read more
End of duty-free ‘will cost billions’: Luxury goods firms including Gucci and Tiffany warn that ending VAT refunds will hit UK economy hard Rishi Sunak is ending VAT refunds for international visitors to British shops It is estimated the move could cost the economy up to £3.5billion 11 leading luxury firms have written to Chancellor … Read more
The European Union hit the headlines last week when it borrowed €17billion, or £15billion, in ‘social bonds’, which would be dished out to member states to help them recover from the coronavirus pandemic. Brussels’ first ever coronavirus-linked issuance sparked a feeding frenzy from investors, with demand for the debt of its 27 member states hitting … Read more
Kanye West discloses he’s worth ‘hundreds of millions of dollars’ (not billions!) in documents filed as part of his controversial presidential bid The rapper, 43, set out his finances in forms submitted to the Federal Election Commission He values three of his companies at $50 million apiece He claims his partnerships with Adidas and Nike … Read more