Will Boris Johnson’s ‘Generation Buy’ pledge leave the taxpayer liable for £44BILLION? Plan to help two million people onto the housing ladder could see Government underwriting chunk of mortgage cost in ‘state guarantee’ PM pledged to help millions on to housing ladder in conference speech He said he wanted to help first-time buyers get 95% mortagages … Read more
Revealed: Asylum seekers’ taxi rides to hotels and detention centres are costing the taxpayer millions Asylum seekers are being driven in taxis from airports to hotels or interviews Clearsprings Ready Homes is awarded £1.1billion Home Office contract over 10 years The private company houses migrants in south of England and Wales It has paid one … Read more
The Queen’s cousin the Duke of Gloucester, 76, is moving just a few dozen yards at Kensington Palace – at a cost of £1MILLION to the taxpayer By Royal Editor For The Daily Mail Published: 23:34 BST, 25 September 2020 | Updated: 23:34 BST, 25 September 2020 Taxpayers have been left with a £1million bill … Read more
The Queen is to get a bailout from the taxpayer after her land and property investments plummeted due to coronavirus pandemic Treasury said it will top up the Sovereign Grant to help maintain Queen’s income Monarch’s income is based on a 25% share of the profits of the Crown Estate Queen will now be receiving … Read more
Taxpayer to keep GWR on the rails: Train operators struggle as commuter numbers remain hugely reduced By Daily Mail City & Finance Reporter Published: 22:17 BST, 1 September 2020 | Updated: 22:17 BST, 1 September 2020 The taxpayer bailout of Great Western Railway will continue into next summer – a sign of the havoc coronavirus … Read more
The Eat Out to Help Out scheme is set to smash through the 80 million-meal barrier tonight at a £400 million cost to the taxpayer on the last night of Chancellor Rishi Sunak’s scheme. Diners have endured three hour queues for their final 50% discounts of up to £10 per head which have been offered … Read more
Ministers sparked fury today as they examined ways to bail out businesses owned by private equity firms to save thousands of high street jobs. The Treasury is looking into ways of getting money into the companies behind a raft of high street names seen to be at risk of collapse. Private equity outfits often load … Read more
Each person working on the HS2 rail project costs the taxpayer almost £100,000 on average, it has emerged. And the chief executive of the troubled high-speed link leads the charge – taking home more than four times the Prime Minister last year with £659,416. The astonishing figures were revealed in HS2’s annual report, which also … Read more
Covid loans hit £52bn: Fears firms will be saddled with debt they won’t be able to pay and taxpayer will be left to foot the bill By Daily Mail City & Finance Reporter Published: 22:01 BST, 11 August 2020 | Updated: 22:50 BST, 11 August 2020 As of August 9, the total lent to 1.2m … Read more
Taxpayer faces £34bn coronavirus bill as thousands of loans handed out under emergency schemes turn sour By Lucy White For The Daily Mail Published: 23:28 BST, 14 July 2020 | Updated: 23:28 BST, 14 July 2020 The taxpayer could be saddled with a £34billion bill as thousands of loans handed out under emergency Covid schemes … Read more