Darren Jones, chairman of the BEIS select committee, wrote to business secretary Alok Sharma on Thursday asking what action had been taken to address risks that the lending schemes could lead to a surge in fraud and harm competition between lenders. The British Business Bank, which administers the schemes, raised […]
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‘My new neighbours have installed huge, garish containers in our beautiful village. What can I do?’
Every week, The Telegraph’s Property Doctors bring expertise on renovations and DIY, interiors, buying and selling, lettings, legal issues and taxes. Send your questions to [email protected] Q Our village is lucky enough to enjoy virtually uninterrupted views across the countryside. However, new occupants of a house just outside our village boundary and […]
A tax grab might be tempting but would cause huge economic pain
As Britain fought for its life during the Second World War, can you imagine being obsessed by the level of government debt? In practice, we let the debt ratio rise to a peak of about 250pc of GDP (compared to today’s 100pc) and only sought to bring it down once […]
Australia to stay closed until mid-2021 as Qantas sinks to huge loss
The boss of Qantas is not expecting international travel to and from Australia to restart until mid-2021 after the airline sunk to its first annual loss in six years. Alan Joyce said routes to the US could stay closed for even longer and only open to overseas airlines once a vaccine has […]
Ban for traders that used fake endorsements from Bear Grylls to entice investors into huge losses
The City Watchdog has banned four Cyprus-based firms from targeting British investors, after they lured savers into high-risk trading strategies using bogus endorsements from celebrities including Sir Richard Branson and survivalist Bear Grylls. A number of savers lost six-figure sums through the sites, which had sponsorship ties to football clubs and sports […]
SoftBank taps Alibaba stake to raise $11.5bn after huge loss
TOKYO — SoftBank Group said Monday it would raise $11.5 billion using its holdings of Alibaba Group stock, part of plans to generate 4.5 trillion yen ($42 billion) in cash to shore up its balance sheet. “To have some cash on hand, we will pare down our assets,” CEO and […]
Emergency pension extension to stop NHS workers being hit by huge tax bills
The Government has extended a tax deadline to stop NHS workers sleepwalking into giant tax bills while on the frontline of the fight against coronavirus. Doctors who are taking on extra shifts during the pandemic were at risk of ending up out of pocket because of continuing issues with the […]