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Taxpayer faces £40bn bill as cost of emergency loan schemes soars
December 3, 2020November 27, 2020 homepinsinfo

Taxpayer faces £40bn bill as cost of emergency loan schemes soars

Business

The taxpayer could be saddled with a £40billion bill as thousands of loans handed out under emergency government schemes turn sour. The Treasury watchdog confirmed

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Chancellor warned foreign shoppers will desert UK if duty-free is axed
December 2, 2020November 27, 2020 homepinsinfo

Chancellor warned foreign shoppers will desert UK if duty-free is axed

Business

The Chancellor is under renewed pressure to reinstate duty-free shopping after the Office for Budget Responsibility (OBR) revealed how little it would save. Earlier this

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Melrose Industries steadies ship after lockdown
December 1, 2020November 27, 2020 homepinsinfo

Melrose Industries steadies ship after lockdown

Business

Aggressive cost-cutting and a rebound in demand for car parts has helped steady the ship after a tumultuous start to the year. Melrose, which bought

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Interest payments on the national debt to be lower than expected
November 30, 2020November 27, 2020 homepinsinfo

Interest payments on the national debt to be lower than expected

Business

Interest payments on the ballooning national debt will be almost £70billion lower than previously expected over the next five years. The debt – less than

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Northern regions battle to host new National Infrastructure Bank
November 29, 2020November 27, 2020 homepinsinfo

Northern regions battle to host new National Infrastructure Bank

Business

The race is on across the north of England as leaders compete for their regions to become the seat of two economic hubs. Rishi Sunak

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Virgin Money sinks to loss after putting £500m aside for bad loans
November 28, 2020November 27, 2020 homepinsinfo

Virgin Money sinks to loss after putting £500m aside for bad loans

Business

Virgin Money has sunk to a full-year loss after setting aside £501million to cover bad loans. The challenger bank, which was also knocked by £292million

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Treasury set to collect almost £102bn less than predicted in March
November 27, 2020 homepinsinfo

Treasury set to collect almost £102bn less than predicted in March

Business

‘Our health emergency is not yet over,’ the Chancellor of the Exchequer said yesterday. ‘And our economic emergency has only just begun.’ Facing the steepest

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