Virus grants are postcode lottery for small firms with some councils paying just one in ten eligible companies By James Salmon for the Daily Mail Published: 21:51 BST, 22 April 2020 | Updated: 21:51 BST, 22 April 2020 Desperate firms scrambling for emergency grants to survive the pandemic face a ‘postcode lottery’, with some councils … Read more
The country has now been in lockdown for a month and the Government has tabled an unprecedented support package for businesses, worth hundreds of billions of pounds. But some workers are still worried they will lose their jobs and business owners are still fearing collapse. Today, Money Mail shines a spotlight on the cracks where … Read more
Emergency loan scheme has already lent £10.8bn to 35 of the biggest firms, says Bank of England chief By Ruth Sunderland for the Daily Mail Published: 23:13 BST, 21 April 2020 | Updated: 23:13 BST, 21 April 2020 A Bank of England scheme set up to help larger companies with emergency loans has already dispensed … Read more
When Andrew Bailey switched on his TV at home on Monday evening for the latest Covid-19 coverage and saw that the price of West Texas Intermediate oil had plunged into negative territory, it was something of an alarm call. For the Governor of the Bank of England – one of the small team of executives … Read more
Banks urged to ramp up lending as just 12,000 small firms get crucial loans to survive the coronavirus crisis By Ruth Sunderland for the Daily Mail Published: 21:51 BST, 20 April 2020 | Updated: 21:51 BST, 20 April 2020 Britain’s banks are under mounting pressure to come clean over what they are doing to help … Read more
Britain’s banks preparing for loans worth billions of pounds to turn sour as firms fall apart due to coronavirus crisis By Lucy White For The Daily Mail Published: 21:55 BST, 19 April 2020 | Updated: 21:55 BST, 19 April 2020 Britain’s banks are preparing for loans worth billions of pounds to turn sour as firms … Read more
Insurers told to pay out to firms forced to close by coronavirus but thousands are warned they’re not covered FCA urges insurers to act swiftly to pay out on coronavirus-related claims But the watchdog also warned that most firms aren’t actually covered It comes as IMF labels coronavirus crash will be the worst hit to … Read more
British drug firms fight to be first in race to beat Covid: Glaxosmithkline teams-up with French rival Sanofi By Daily Mail City & Finance Reporter Published: 22:45 BST, 14 April 2020 | Updated: 23:08 BST, 14 April 2020 British drug firms have put themselves at the centre of the battle against the coronavirus with plans … Read more
Energy firms owe £1.7bn to millions of households which have overpaid for their energy By Money Mail Reporter For The Daily Mail Published: 22:01 BST, 14 April 2020 | Updated: 23:11 BST, 14 April 2020 One in ten energy customers could be due a rebate of more than £200 MIillions of households are owed around … Read more
Businesses are fighting for survival amid the pandemic. Some have chosen to exploit customers to save their own skin and Money Mail has been quick to call out these misdeeds. But our inbox has also been flooded with emails from readers praising firms that have gone above and beyond for their customers. Here we highlight … Read more