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…
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…
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…
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…
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…
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…
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…
The Chancellor Rishi Sunak says the hospitality sector has been particularly badly hit and announces a Temporary cut to VAT on food, accommodation, and attractions from 20 per cent to 5 per cent from next Wednesday until January 12th, 2021. He also announced a new job retention bonus for employers to bring back furloughed staff,…
In 1959 contraception was finally made available to unmarried women in the UK, Helen Brook a family planning pioneer said “To think that at last women could be in charge of themselves, decide for themselves. Women were really going to be free.” Six decades later are women really free as pay inequality is entrenched in…
Councils and charities in England have called for help to ensure people did not have to return to the streets when hotels reopen on 4 July, will be given an extra £105m to support rough sleepers put up during lockdown. Thousands of rough sleepers were housed in hotels and B&Bs as coronavirus hit. The government…