Rishi Sunak ‘plans tax raid on pensioners’ to pay off Covid debts

Rishi Sunak ‘plans tax raid on pensioners’ to pay off Covid debts: Chancellor could freeze lifetime allowance in next week’s Budget leaving savers facing extra 25% levy on income Rishi Sunak is considering freezing lifetime allowance for the rest of parliament Freeze would push thousands above cusp and slap future payments with 25% tax But … Read more

Wildlife park banned from keeping big cats is wound up by the taxman with debts of more than £120k

A wildlife park banned from keeping big cats after one lynx escaped and another died has been wound up by the taxman with debts of more than £120,000. Owners Tracy Tweedy, 50, and her husband Dean, 52, bought Borth Wild Animal Kingdom in Borth, West Wales, for £625,000 five years ago. But the attraction faced … Read more

Mother left daughter right to live in her house, but also debts

A member of the family has recently died and her three daughters are named as executors and the only beneficiaries in the will. The will gives the right to reside in the property to the youngest daughter who was her mother’s live-in carer. The other two daughters fully support this arrangement. The problem is there … Read more

Firms face £61bn coronavirus pandemic debts

EY Item Club forecasts companies will rack up ‘colossal’ £61bn pandemic debts that many will not start repaying for years By Daily Mail City & Finance Reporter Published: 00:01 GMT, 8 February 2021 | Updated: 00:01 GMT, 8 February 2021 Companies will rack up ‘colossal’ pandemic debts of £61billion that many will not start repaying … Read more

Best credit cards deals for purchases, holidays and clearing debts

Britain’s transition into a nation of accidental savers last year certainly had an impact on its credit card bill. Those with extra disposable income and nowhere to spend it as a result of the lockdown opted to pay down their debts and fatten their bank balances, where once the nation eschewed a savings habit. Britain … Read more

Buy now, pay later firms will now be regulated amid fears young shoppers are falling into huge debts

Buy now, pay later schemes will face tighter regulation from the City watchdog to stop millions of young shoppers racking up huge hidden debts. The Financial Conduct Authority (FCA) today said bringing the sector under stricter control was a ‘matter of urgency’ after a review of the unsecured credit market found the scheme could ’cause harm … Read more

My daughter killed herself with £36,000 gambling debts

The mother of a woman who killed herself after losing £36,000 gambling has told MPs of her heartbreak. Kay Wadsworth said 32-year-old Kimberley started betting in 2015 following the death of her father and problems with her marriage. The business developer ran up huge losses and blew in a fortnight the £36,000 her mother gave … Read more

Aldo Zilli’s daughter Laura is divorcing her tycoon husband Nick Gold who has debts of £22million

Model Laura Zilli, 35, (above) is the daughter of multi-millionaire celebrity chef, Aldo Zilli Socialite Laura Zilli has split from her businessman husband who has gone broke with debts of over £22million, MailOnline can reveal. Former reality TV star Laura, 35, daughter of celebrity chef Aldo Zilli, is in the process of a divorce from … Read more

Virgin Money’s profits plummet as it gears up for spate of bad debts

Virgin Money’s profits plummet as the lender braces for a £501m surge in bad loans stemming from the pandemic Virgin’s annual profits have fallen by 77% to £124m, results today have revealed End of furloughing and more mass job cuts on the cards next year  Lender also thinks the housing market could slow once stamp … Read more

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