New York City has voted to slash $1billion from the NYPD budget, following weeks of protests and fraught negotiations with Mayor Bill de Blasio – as some lawmakers complain it falls short of what activists demanded. The austere, coronavirus-era budget tightens spending across city agencies, including a cut of nearly $484million from the NYPD’s $6billion operating … Read more
After months of closures and cancellations, holidays abroad are within reach. This week, holiday firms were bombarded with bookings from sunseeking Britons after the Government revealed it would open ‘air bridges’ to countries where the virus was contained. But those who go abroad this summer may find they cannot get travel insurance for cancellations linked … Read more
New York City’s famous George Washington Monument in Washington Square Park was defaced with red paint on Monday as protesters gathered further downtown outside City Hall ahead of a controversial vote that could slash the city’s police budget by $1billion – 16 percent of its total – despite escalating crime and chaos. In the latest … Read more
Senior staff at our firm were asked to take pay cuts of up to 20 per cent. Mine took me back into the basic rate income tax bracket. What happens to my pension contributions on which I was benefiting from higher rate relief? Pension impact: I took a pay cut and I’m back to paying basic … Read more
FTSE 250 oil services firm Hunting to cut 25% of its global workforce after pandemic slashes demand for oil By Daily Mail City & Finance Reporter Published: 21:51 BST, 29 June 2020 | Updated: 21:51 BST, 29 June 2020 FTSE 250-listed oil services firm Hunting will cut more than 700 jobs by the end of … Read more
RUTH SUNDERLAND: Cut in VAT would have popular appeal and send a strong message of support to troubled parts of the economy – just the ticket Rishi Sunak is understood to have cooled on the idea of reducing VAT Two former Chancellors, Sajid Javid and Alistair Darling, have come out for a cut By Ruth … Read more
Hundreds of thousands of customers are cut off from their cash as watchdog freezes British arm of collapsed German payments firm Wirecard Several fintech companies who use Wirecard systems have been suspended from allowing customers access to their money until further notice UK customers may not be able to touch their money on payday or … Read more
As businesses begin to reopen this week after several months out of action, many owners will be looking to cut down on their spending to ride out the strife the pandemic has caused. One way to potentially achieve this is to save on energy bills – small businesses are estimated to overpay by an average … Read more
Rishi Sunak plans VAT cut to kickstart the economy amid coronavirus carnage with PM set to unveil ‘one metre plus’ rule from Tuesday to save a swathe of businesses The UK is facing the worst recession in 300 year due to coronavirus lockdown Rishi Sunak is expected to cut VAT to help the economy recover … Read more
One of Britain’s most powerful investors has told bosses to take the axe to their bloated pay packets first if they intend to cut costs by slashing jobs. Aviva Investors, which manages £346billion of investments, has revealed it is urging boards to cut executive pay before making large scale redundancies. It comes as a survey … Read more