The Chancellor has extended the furlough scheme for four months and said Britain will continue to cover 80 per cent of workers’ wages during the coronavirus crisis. Rishi Sunak revealed today that 7.5million British workers now have the state picking up the bill for 80 per cent of their salary up to £2,500 a month, … Read more
Virus wreaks havoc on jobs as number of permanent staff appointments falls at sharpest rate in recorded history By Daily Mail City & Finance Reporter Published: 21:50 BST, 6 May 2020 | Updated: 21:50 BST, 6 May 2020 The coronavirus crisis is ‘wreaking havoc’ on the UK jobs market, a new report has showed. Businesses … Read more
Covid-19 slump will push EU into a recession of ‘historic proportions’ wiping 7.7% off growth By Hugo Duncan for the Daily Mail Published: 21:50 BST, 6 May 2020 | Updated: 21:50 BST, 6 May 2020 Europe faces a recession of ‘historic proportions’ as Covid-19 cripples economies, according to forecasts published by Brussels. In a devastating … Read more
Double blow for borrowers as furlough scheme and mortgage holidays come to an end By Daily Mail City & Finance Reporter Published: 21:51 BST, 6 May 2020 | Updated: 21:51 BST, 6 May 2020 Thousands of homeowners who have taken a mortgage repayment ‘holiday’ because their finances were squeezed by the coronavirus could receive a … Read more
Barclays leaves small firms waiting for loans with many still unable to even make an application By Lucy White For The Daily Mail Published: 21:51 BST, 6 May 2020 | Updated: 21:51 BST, 6 May 2020 Barclays customers who are desperate for one of the Government’s new ‘bounce back’ loans are still waiting to even … Read more
Why you should never assume the taxman is right: Half a million people forced to chase rebates last year By Miles Dilworth For The Daily Mail Published: 22:01 BST, 10 December 2019 | Updated: 09:26 BST, 11 December 2019 Switching jobs or being subject to changes in taxable benefits are common reasons why people might … Read more
Brothers Chris and Jeff Abbott went back to work last Saturday, when they opened their two DIY shops for the first time in four weeks. Only three customers are allowed in at a time and chip-and-pin machines are cleaned frequently with antibacterial wipes. Acrylic screens shield staff from customers at the tills. But the coronavirus … Read more
Parents up and down the country are now working from home while also trying to find the time to teach their children. But it’s not just algebra they should be swotting up on. To help, Money Mail has compiled ten practical and invaluable, lessons for your children on personal finance… Wealth of knowledge: Lockdown offers … Read more
LV becomes latest insurer to share savings being made from fewer claims by refunding customers hit by virus By Miles Dilworth For The Daily Mail Published: 22:00 BST, 5 May 2020 | Updated: 23:37 BST, 5 May 2020 LV’s refunds are for workers waiting on furlough payments or self-employment support, or those who lose jobs … Read more
UK in worst recession in living memory: 591,000 firms at risk of going bust as car sales crash to lowest since 1946 By James Salmon for the Daily Mail Published: 22:55 BST, 5 May 2020 | Updated: 23:41 BST, 5 May 2020 Households have been told to brace themselves for the worst recession in living … Read more