Government will pay £2bn in wages for 300,000 young people to keep them off the dole as Rishi Sunak puts jobs at the heart of his mini-Budget today Chancellor Rishi Sunak is set to announce a mini-budget on Wednesday The plan will set out how Britain’s economy will recover from the COVID-19 crisis Mr Sunak’s … Read more
Fresh row hits tainted UK Finance: Ex boss accused of sorting ‘questionable’ £2bn loan as Barclays fought to avoid a Government bailout in 2008 By Tom Witherow For The Daily Mail Published: 21:51 BST, 19 June 2020 | Updated: 21:51 BST, 19 June 2020 The former boss of UK Finance embroiled in a sexism row … Read more
Struggling airlines tap up Bank of England for almost £2bn in emergency state-backed loans as they try to weather coronavirus crisis By James Salmon for the Daily Mail Published: 22:10 BST, 4 June 2020 | Updated: 22:10 BST, 4 June 2020 Struggling airlines have tapped up the Bank of England for almost £2billion in emergency … Read more
Compass Group shares dropped after it detailed plans for the biggest fundraising since the coronavirus crisis began. The world’s largest catering firm managed to raise a staggering £2billion from investors to help it survive the lockdown. The mass closures of schools, offices and sports stadiums have hammered demand for its services. Revenues sank by a … Read more
Transport Secretary Grant Shapps says building new hospitals in weeks during coronavirus crisis shows it should not take ’20 years to build a road’ as he pledges to ‘rapidly improve’ UK infrastructure Grant Shapps pointed to building of NHS Nightingale hospitals during crisis He said if hospitals can be built quickly there is no reason … Read more
Ministers have agreed to hand Sadiq Khan a £1.1billion bail-out package with ‘strings attached’ to get London’s transport system back up and running. The sides have struck a deal after days of intense wrangling, with the Mayor threatening to cut services unless he was given huge sums to help run the underground and bus networks … Read more
Vodafone will pay £2bn dividend despite covid crisis: Telecoms giant swings back into profit By Matt Oliver For The Daily Mail Published: 23:35 BST, 12 May 2020 | Updated: 00:20 BST, 13 May 2020 Vodafone has swung back into profit and stuck by its £2.1billion dividend, despite pressures from the coronavirus crisis. In a boost … Read more
UK economy losing £2bn every day in deepest slump since Great Depression By Hugo Duncan And Ruth Sunderland For The Daily Mail Published: 22:29 BST, 16 April 2020 | Updated: 22:29 BST, 16 April 2020 The coronavirus lockdown has already wiped £50 billion off the economy as the UK plunges into the deepest slump since … Read more
Fund manager Ruffer rakes in more than £2bn as it trades to protect itself against stock market collapses By Daily Mail City & Finance Reporter Published: 21:51 BST, 9 April 2020 | Updated: 22:04 BST, 9 April 2020 founded by Jonathan Ruffer, 68, has around $23billion (£18billion) of funds under management. Fund manager Ruffer raked … Read more
NMC debt mountain £2bn bigger than thought: Scandal-hit hospital builder is plunged even deeper into crisis By Matt Oliver For The Daily Mail Published: 22:51 GMT, 10 March 2020 | Updated: 22:51 GMT, 10 March 2020 NMC Health’s debt mountain is £2billion bigger than previously thought, plunging it even deeper into crisis. In another extraordinary … Read more