During Greensill’s accreditation to CLBILS in May 2020, the Bank reiterated to Greensill the scheme rules around group lending, saying that, as an illustrative example, “British Steel would be one group with a £50m limit, and it is not a £50m facility limit per subsidiary”,” the NAO said.
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Asda in cheap food promise after Jack Monroe complaints
admin, , Business, 0
She criticised Asda for discontinuing some budget products, such as a bag of rice sold online for 45p and...
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Business groups call for stability as Johnson resigns
admin, , Business, 0
Kitty Ussher, chief economist at the Institute of Directors, the UK employers’ group, said: “What business hates most is...
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‘I pawned my laptop to pay for food and petrol’
admin, , Business, 0
“We hope and believe that, once the FCA appreciate that the loss of access to pawnbroking services would have...
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Holidays: Travel industry begs for ‘route out of crisis’
admin, , Business, 0
The industry said the government needs to provide tailored financial support to help travel businesses through, including grants that...
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Shipping boss: ‘Christmas will be safe’ from shortages
admin, , Business, 0
Mr Skou estimated that approximately 300 large container ships around the world are sitting waiting outside ports. Almost 80...
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COP 26: Four major carmakers fail to back zero emissions pledge
admin, , Business, 0
Toyota, which put its first commercially produced electric cars on the road in 1997, said it will “provide the...
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US firms add more jobs than expected in May
admin, , Business, 0
As companies compete for workers, pay has been rising faster than it has in years. Last month, the average...
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Russian gas giant Gazprom makes £39m profit in North Sea
admin, , Business, 0
A number of Gazprom executives, including the chief executive Alexei Miller, are under sanctions from the UK government, though...
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