Resistance to abolition of slavlery

The English Heritage unveiled blue plaque on the wall of Schomberg House on Pall Mall, London to commemorate the residence of Quobna Ottonah Cugoano, the author and campaigner in 1787 wrote one of the first exposes by an African of slave trading, criticising continued tolerance of horrors of the slave trade by the British Government…

Furlough scheme to be extended until end of March 2021

The Furlough scheme will be extended until the end of March 2021, Chancellor Rishi Sunak has announced.  The scheme in which employees receive four-fifths of their current salary up to maximum of £2, 500 of hours not worked was originally scheduled to end last month, but was extended when Prime Minister Boris Johnson announced a…

Post-furlough job losses worse among young and ethnic minorities

Resolution Foundation’s latest survey of 6, 000 adults found 19 per cent of 18-24-year-olds who were furloughed during lockdown were unemployed in September. For Black, Asian, and other minority ethnic workers the figure was 22 per cent compared to 9 per cent for the general population. The Treasury said its wage support schemes had helped…

P{rincely Vision 2030

35-year-old Mohammed bin Salman is the pivotal leader of the Arab World, Crown prince who became king in 2015 and de facto ruler of Saudi Arabia, ended the House of Saud’s consensual model of an absolute monarchy with no absolute monarch, seizing all the reins of power and urged forward social and economic reform. The…

Over £215m returned to government by UK employers

According to HMRC figures,  more than £215, 756, 121 to the government in Furlough scheme payments they did not need or took in error covering 80, 433 employer’s worker’s salaries have returned cash they were given to help cover workers’ salaries. The money returned is a tiny part of the $35.4bn claimed under the scheme…

HSBC moved  scam £62 million

    Britain’s biggest bank HSBC allowed fraudsters to transfer millions of dollars around the world despite learning their scam, leaked secret files reveal.  HSBC moved the money through its US business to HSBC accounts in Hong Kong in 2013 and 2014. Its role in the $80m ( £62m) fraud is detailed in a leak…

Taylor Swift donates £23, 000 to a London student in UK

Vitoria Mario set up an online fundraising page showing how she has lived in the UK for four years after moving from Portugal. She is not eligible for maintenance loans or grants. Singer Taylor Swift has donated £23, 000 to Vitoria who was struggling to raise funds to take up a maths course at the…

UK Government debt hits £2tn amid coronavirus pandemic

The UK government debt at the end of July 2020 was £2, 004 trillion, £ 227.6bn more than at the same point last year according to the Office for National Statistics (ONS), which means the entire value of the country’s economy for the first time in 60 years. The Government owes the equivalent of 100.5…

Government debt stands at £1.98 trillion

  The UK government borrowed £127.9bn between April and June for tackling the coronavirus pandemic, taking the total government debt to £1.98 trillion. The difference between spending and tax income was more than double the £55.4bn borrowed in the whole of the previous year.  The borrowing in June was lower in May at £35.5bn, as…