Large firms that take bailout loans can't pay bosses bonuses or dividends

  • 📰 The Independent
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 59%

United Kingdom Headlines News

United Kingdom Latest News,United Kingdom Headlines

Treasury lifts cap on state-backed borrowing to larger firms, but with strings attached

Large companies that borrow money under the government's coronavirus loan scheme will not be able to pay cash bonuses to executives or dividends to shareholders until the money is repaid.

Source: Loan Digest (loandigest.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Cirrect why should they

They’ll defer them...... There’s always a way!

Good! Common sense

HI there!! I am sifat3322 a beautiful and creative logo/graphic designer. If your need any logos,Business card,Social Media Kit or any Graphic Designing related services. I hope you will enjoy working with Me. Please visit my gig this

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 80. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Maximum coronavirus loans for large firms increased to £200mCompanies that use extended scheme to be banned from paying dividends to investors The only minister getting it right, ask Keir for a job Dishy Which hopefully cannot be attracted by those companies who like their accounting to be done in warmer climates..... Rahaua, keep on!! one day you could be forced to take out from your account!!😁
Source: The Guardian - 🏆 84. / 53 Read more »

Maximum coronavirus loans for large firms increased to £200mCompanies that use extended scheme to be banned from paying dividends to investors The only minister getting it right, ask Keir for a job Dishy Which hopefully cannot be attracted by those companies who like their accounting to be done in warmer climates..... Rahaua, keep on!! one day you could be forced to take out from your account!!😁
Source: The Guardian - 🏆 84. / 53 Read more »

The man who bought 60,000 oil and gas wellsRusty Hutson Jr is the boss of fast-growing US energy firm Diversified Gas & Oil. Steve carrell looks old Let's hope that energy policy switches to renewables and environmentally friendly solutions, and leaves Rusty Hutson Jr with 60,000 white elephants. Can we kiss the oily boots of the millionaires profiting from the climate crisis a little less blatantly please?
Source: BBCNews - 🏆 3. / 97 Read more »

Mystery Brit in limbo as lottery bosses still haven't paid out £58m winThe mystery EuroMillions winner from Scotland is still waiting for their money to be paid out, with Lottery bosses Camelot saying the win is still 'subject to validation' two months after the draw Maybe it could be given to the NHS.
Source: The Mirror - 🏆 136. / 51 Read more »

Ryanair to cut 3,000 jobs and slash pay by 20% as passenger numbers set to halveRYANAIR has today confirmed that up to 3,000 jobs could be cut while staff face 20 per cent pay cuts and unpaid leave as passenger numbers are set to halve. The announcement comes as part of Ryanai…
Source: TheSun - 🏆 64. / 61 Read more »

UK shopping centre firm Intu seeks debt standstill as lockdown takes tollTrafford Centre and Lakeside operator battles to survive after slump in rent payments never liked shopping malls. And rating one yuk
Source: The Guardian - 🏆 84. / 53 Read more »