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Sale of Blackmore assets ‘not enough’ to repay mini-bond investors 

by Malik Runswick | Jan 1, 2021 | Business Ownership‎

Investors in bust mini-bond seller Blackmore Bond have been warned by administrators that sales of the company’s property has not generated enough money to pay them back. Blackmore raised money from ordinary investors by issuing mini-bonds, with the aim of using the money to build houses and paying investors back with house sales.  It started […]

How to read the budget watchdog’s numbers for the economy

by Malik Runswick | Jan 1, 2021 | Business News

In addition to the debt and spending numbers, the OBR will also reveal its forecasts for growth and unemployment. Given the unprecedented uncertainty, the OBR outlined three different paths for the economy in its Fiscal Sustainability Report in July: an upside,...

Card payment refund scheme aims to wean tax-dodging Italians off cash

by Malik Runswick | Jan 1, 2021 | Business Economics

Millions of Italians have signed up for a government scheme offering a 10pc refund for card payments in stores in just two weeks in an attempt by Rome to cut tax evasion and boost retailers hit by coronavirus restrictions. The roaring start to the scheme, which...

Posties win inflation-busting pay deal from Royal Mail  

by Malik Runswick | Jan 1, 2021 | Business Education‎

A “landmark” deal has been agreed to end a long-running dispute on job security, pay and hours for Royal Mail workers. The Communication Workers Union (CWU) said it was an “excellent agreement” for postal workers, customers and the company. The settlement includes a...

Marston’s saves 1,300 jobs by taking over Brains pubs in Wales

by Malik Runswick | Jan 1, 2021 | Business Ideas

Pub operator Marston’s will take over the running of around 150 pubs in Wales from SA Brain, safeguarding up to 1,300 jobs in the process, the companies have revealed. Brains’ chairman said that the company had not taken the decision lightly, but recent...
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