Rich must pay for Covid borrowing binge, says IMF as global debts soar

The rich must pay for Covid borrowing binge, says IMF as global debts hit a record £64 TRILLION By James Salmon for the Daily Mail Published: 21:54 BST, 14 October 2020 | Updated: 21:54 BST, 14 October 2020 The wealthy should pay higher taxes to help deal with a Covid borrowing binge that has pushed … Read more

EDEN CONFIDENTIAL: Paint it red? Georgia May Jagger is saddled with £160,000 debts

The daughter of Rolling Stones singer Sir Mick has forged a successful career from showing off her figure as a model, but her company’s financial figures are less flattering Georgia May Jagger can’t get no satisfaction from her fashion and beauty business. The daughter of Rolling Stones singer Sir Mick has forged a successful career from … Read more

Caroline Flack ‘gave Lewis Burton £25K to pay off debts’ just like Lottie Tomlinson

Caroline Flack gave Lewis Burton £25k to help pay off his debts just like his new love interest Lottie Tomlinson, it has been claimed. The late TV presenter, 40, who died in February, allegedly handed the model the cash during their relationship and also paid for rent and food, reports The Sun On Sunday. It … Read more

Macclesfield Town wound up in High Court after racking up debts of over £500,000

Macclesfield Town have been wound up – strengthening fears other clubs may follow suit in the coming months. The 146-year-old National League outfit, relegated from League Two last season, were forced into liquidation at a High Court hearing on Wednesday over debts totalling £500,000. The Cheshire side have endured financial difficulty for a number of months … Read more

Louis Tomlinson ‘concerned’ after sister Lottie gave Lewis Burton £22K to pay off debts

EXCLUSIVE: Louis Tomlinson is ‘concerned’ about his sister’s new romance after finding out Lottie gave Lewis Burton £22K to pay off his debts A source revealed to MailOnline that Lottie, 22, paid boyfriend Lewis, 28, the lump sum in August, and has also foot the bill during expensive restaurant visits  One Direction star Louis, 28, and … Read more

‘Over expansion’ of universities is leaving students with ‘heavy debts for little economic benefit’

‘Over expansion’ of universities is leaving poorer students with ‘heavy debts for little economic benefit’ think tank warns as it calls for ‘radical reform’ of sector Dr Lee Jones and Dr Philip Cunliffe penned the report on universities’ struggles They recommend closing and merging some as well as making entry harder Universities are already facing … Read more

Wirecard collapses with debts of more than £3bn in German scandal

Wirecard collapses with debts of more than £3bn in Germany’s worst accounting scandal By Daily Mail City & Finance Reporter Published: 21:50 BST, 25 June 2020 | Updated: 23:59 BST, 25 June 2020 Crisis-torn Wirecard has collapsed with debts of more than £3billion in Germany’s worst accounting scandal. The financial technology company said it would … Read more

ALEX BRUMMER: UK swamped by debts as coronavirus bites

ALEX BRUMMER: As long as UK has credible budgetary and monetary framework it should be possible to hold back siren calls for tax increases and spending cuts until recovery is assured By Alex Brummer for the Daily Mail Published: 22:05 BST, 22 May 2020 | Updated: 22:05 BST, 22 May 2020 Monthly borrowing figures usually … Read more

Russian bankers who lived life of luxury in UK having riches seized after racking up £730m debts

Two Russian bankers, who lived in luxury in England, face having their assets seized by financial investigators after they were declared the second-biggest bankrupts in British history.  Financial investigators are searching to claim former Russia’s National Bank Trust (NBT) shareholders Ilya Yurov and Nikolay Fetisov’s assets. This comes after they were accused of siphoning off … Read more

Virgin Money suffers 60% drop in profits and gets ready for bad debts

Virgin Money saw its underlying profits slashed by nearly 60 per cent in the first half, as it braces itself for a spate of bad loans triggered by the pandemic. The group admitted that around 12,000 of its credit card customers, or 1.2 per cent, were already seriously in arrears by three months or more … Read more