Heathrow nosedived to a £2 billion annual loss after the ‘toughest’ year in the airport’s 75-year history as the pandemic saw passenger numbers crash by 73%. The airport’s annual financial results, which were released this morning, lay bare the devastating impact the Covid crisis has had on the aviation industry. The number of people passing … Read more
Several supermarkets have agreed to waive the business rates holiday and hand over the money saved. Here, we take a look at what it means: – What are business rates? Business rates are paid by every commercial property in the UK. They are similar to council tax for residential properties and are collected by local authorities … Read more
Record numbers of young are on benefits with 538,000 under-25s claiming universal credit in lockdown as Government launches £2billion scheme to get them into jobs ‘KickStart’ aims to create hundreds of thousands of jobs for ‘left behind’ youths Number of under-25s claiming Universal Credit risen by 250,000 in lockdown Increase means one in 13 of … Read more
The cost of furloughing millions of British workers rose by more than £2billion in the last week of July, new figures show. Some 9.6 million jobs had been covered by the coronavirus Job Retention Scheme (JRS) up to August 2, Government figures show. This was an increase of 100,000 on the previous week. The cumulative … Read more
The Government is planning to subsidise electronic bicycles for pensioners and commuters as part of plans to massively increase cycling through a £2billion anti-obesity drive. The e-bikes are like regular bikes but have a small motor usually hidden in the frame to aid travel uphill or on longer journeys. Ministers hope the programme will help … Read more
Bicycles will be prescribed by doctors for patients and all Britons will be offered free training on how to ride in a £2billion drive to get fat Britain ‘on its bike’. Free repair vouchers worth £50 will be handed out and there will be a massive expansion of cycle lanes as part of a revolution … Read more
Chancellor Rishi Sunak mulls TAX on online sales to raise £2BILLION for Government coffers and help ‘save the High Street’ One online tax would see the Treasury impose a two per cent levy on online sales Another would see businesses charged for every delivery that they complete Steps would raise billions for the government and … Read more
Crackdown on fraudsters exposes nearly £2billion of false benefits claims and overpayments The National Fraud Initiative matches data with public and private sector bodies It has identified £245 million of incorrect payments in the past two years alone The abuses range from housing benefits to disabled parking badges By Mail on Sunday Reporter Published: 01:31 BST, 19 … Read more
Boris Johnson pledges £2billion to rebuild Britain’s crumbling schools and make them ‘fit for the future’ A ten-year strategy will be launched with £1bn to rebuild 50 schools across UK Further £560m has been released to fund programme of refurbishment in 2020 And £200m spending has been brought forward to fund repairs at colleges By … Read more
Monzo bank co-founder ditches his £2billion company to look after nearly 300 Alpacas on his wife’s farm as he leaves the financial industry after 27 years to ‘enjoy life’ Paul Rippon, 48, stepped down from his day job to look after alpacas on a farm Mr Rippon says that he finds the farm in Northumberland … Read more