Mike Ashley is in rescue talks with Debenhams: Sports Direct boss begins negotiations to buy 242-year-old chain and save up to 12,000 jobs Mike Ashley’s company Frasers confirmed talks in a statement to stock market But a Frasers Group statement said sale of the retail giant was far from certain Sport Direct boss said ‘time … Read more
ELECTRIC VEHICLES PM’S PLAN: Boris Johnson has vowed to ‘ban new sales of petrol and diesel cars by 2030’ . He announced £2.8billion in funding as part of his ten-point green plan, including £1.3billon on the rollout of electric car charging points. REALITY: The 2030 target is viewed by the industry as ‘incredibly ambitious’ with … Read more
ELECTRIC VEHICLES PM’S PLAN: Boris Johnson has vowed to ‘ban new sales of petrol and diesel cars by 2030’ . He announced £2.8billion in funding as part of his ten-point green plan, including £1.3billon on the rollout of electric car charging points. REALITY: The 2030 target is viewed by the industry as ‘incredibly ambitious’ with … Read more
MPs have demanded the Government reveal how hard the UK economy will be hit when duty free shopping for foreign tourists is scrapped next month. Chancellor Rishi Sunak will end VAT refunds for international visitors to British shops from January 1, even as the high street is fighting for its survival after the Covid-19 crisis. … Read more
The Bank of England should investigate where around £50billion of ‘missing’ banknotes is ‘stashed’, a committee monitoring the effectiveness of public spending has said. The Public Accounts Committee said the Bank needs to ‘get a better handle on the national currency it controls’. It said authorities have been behind the curve in ensuring access to … Read more
TopShop and other Arcadia stores will only now accept gift cards as half of any purchase as group goes into administration with 13,000 workers facing the axe TopShop and other Arcadia stores stopped accepting gift cards online Even when used in stores they can only cover half the cost of a purchase Administrators are not … Read more
Lady Tina Green, the ultimate owner of the Arcadia fashion group, has announced she is accelerating a planned £50million contribution to its pension fund after the firm collapsed into administration. Last year she committed to paying £100million into the fund in three instalments as part of a restructuring plan for the group that was agreed by creditors. … Read more
Matt Hancock today delivered another hint that low-infection areas will see lockdown downgraded by December 16 as the government reels from a huge Tory revolt. The new tiers system for England came into force at midnight after the Commons approved it by 291 to 78 – but the healthy majority masked a disaster for Boris … Read more
Boris Johnson got his brutal post-lockdown tiers approved by the Commons last night thanks to Sir Keir Starmer’s tacit support after suffering the biggest Tory revolt of this Parliament as more than 50 Tories defied the whip. The new three-tier system was signed off by a margin of 291 to 78 and came into force … Read more
Boris Johnson’s brutal lockdown tiers were approved by the Commons tonight despite a major Tory revolt at the ‘back of fag packet’ curbs, The new system was signed off by a margin of 291 to 78 and will come into force tomorrow after Labour opted to abstain, complaining the regime was not tough enough and … Read more