2 h. ago British taxpayers lose £400m as result of investment fund set up by Sunak

Report shows 334 companies backed by Future Fund, set up in May 2020 by then chancellor, had since gone underBusiness live – latest updatesUK taxpayers have lost £400m after the collapse of hundreds of startups backed by a heavily-criticised Covid-era investment fund launched by former prime minister Rishi Sunak.The so-called Future Fund had originally spent £1.14bn backing 1,190 companies, including those not usually associated with government portfolios, such as the sex party organiser Killing Kittens and now-defunct festival tickets business Pollen. The fund also invested nearly £2m in companies linked to Sunak’s wife, Akshata Murty. Continue reading...

Economics

2 h. ago Taxpayers lose £400m as result of investment fund set up by Rishi Sunak

Report shows 334 companies backed by Future Fund, set up in May 2020 by then chancellor, have since gone underBusiness live – latest updatesUK taxpayers have lost £400m following the collapse of hundreds of startups backed by a heavily criticised Covid-era investment fund launched by Rishi Sunak when he was chancellor.The Future Fund spent £1.14bn backing 1,190 companies, some of them of types not usually associated with government portfolios such as the sex party organiser Killing Kittens and the now defunct festival tickets business Pollen. Continue reading...

Economics

16 h. ago US firms to invest £150 billion in UK as part of Donald Trump’s state visit

Some 7,600 ‘high quality jobs’ will be created as a result of investment by major US technology and investment firms.

Economics

3 d. ago Scots Manchester bombing victim fund gives out £50k in music grants

A total of £53,400 is being made available for young musicians across Scotland from the Eilidh MacLeod Memorial Trust.

Economics

3 d. ago Music fund set up in memory of Manchester Arena victim issues £50,000 in grants

It is the largest amount of funding the Eilidh MacLeod Memorial Trust has ever issued in a single round.

Economics

7 d. ago How the 1,097 migrants who arrived on small boats last Saturday will cost British taxpayers £44million in a single year... including free dental care, legal aid and even swimming lessons

On Saturday, the new Home Secretary, Shabana Mahmood's first full day in office, 17 dinghies arrived on the shores of Britain carrying a staggering total of 1,097 migrants.

Economics

8 d. ago Joey Essex could be controversially stripped of debut boxing fight win

Joey Essex made a winning start to his boxing career by beating Portuguese influencer Numeiro at Misfits 22 in Manchester last month, but the result could be investigated

Sport

1 week ago Charity fund set up in memory of former Scotland rugby star crosses £60k mark

The fund - which supports Glasgow Children's Hospital - was set up following the passing of Callander rugby player Siobhan Cattigan in 2021.

Economics

2 w. ago Angela Rayner fights for her political life: Ethics probe could seal her fate within days

She received £162,500 from a trust fund set up to care for 17-year-old Charlie, who was born prematurely.

Politics

2 w. ago Angela Rayner 'used some of her disabled son's NHS compensation to buy second home'

She received £162,500 from a trust fund set up to care for 17-year-old Charlie, who was born prematurely.

Politics

2 w. ago Appeals court allows Trump administration to end the ‘climate bank’ where $20B was set aside to fund climate change projects

Billions of dollars have been sitting in Citibank accounts since February amid the back-and-forth legal battle

Economics

2 w. ago So many women face breast pain. Now doctors reveal in our expert guide when to worry about lumps, infections, tenderness and cancer

Around 120,000 women every year are referred to specialist NHS clinics for further investigations as a result of breast pain.

Science

2 w. ago New fund for young musicians set up in memory of Scots Manchester bombing victim

The Eilidh MacLeod Access Fund will provide support to young pipers and drummers looking to hone their craft, and it will be administered by the National Piping Centre.

Events

2 w. ago Music access fund set up in memory of Scottish Manchester Arena bombing victim

Eilidh MacLeod Access Fund will help young pipers and drummers looking to hone their craft

Events

2 w. ago Music access fund set up in memory of Manchester Arena bombing victim

Eilidh’s Trust, which honours bagpiper Eilidh MacLeod, 14, has funded the Eilidh MacLeod Access Fund.

Events

2 w. ago Outrage as migrants facing deportation from UK to be taught balloon craft, flower arranging and cake decorating

A hairdressing tutor, hospitality and floristry tutor, painting and decorating tutor and gym manager are among the 32 jobs currently available at Heathrow Immigration Removal Centre.

Events

3 w. ago Andy Murray backed Castore buys British heritage brand Belstaff

Jim Ratcliffe’s INEOS group will make a “strategic investment” in Castore as a result of the deal

Economics

4 w. ago In Norway we see ourselves as ethically virtuous – so why is our oil wealth enabling genocide? | Sindre Bangstad

With an election looming, will politicians finally listen to the majority of citizens, who want to divest from Israeli arms companies?Oil has made Norway extremely rich. We have the world’s largest sovereign wealth fund, which was established with petroleum revenues in 1990. Headed by the wealthy banker and art investor Nicolai Tangen, the Government Pension Fund Global (GPFG), has a current value of more than 20 239bn Norwegian kroner (£1.4tr). With holdings in about 8,500 companies in 69 different countries, it is the largest single investor in the world.Norway also purports to have a human-rights-based foreign policy, and the sovereign wealth fund is supposed to adhere to a set of ethical guidelines. Companies may be excluded if there is a risk that they contribute to or are responsible for serious human rights violations, or are involved in the sale of weapons to states that violate international law in armed conflicts. A Council on Ethics makes recommendations about exclusions ...

Politics

4 w. ago Hedge fund tycoon buys Isle of Rona as last two inhabitants set to leave

Daniel Luhde-Thompson, along with his wife Cressida Pollock, former CEO of English National Opera, have taken over the Isle of Rona, near Skye, with its two remaining inhabitants set to leave.

Economics