Over the three months of lockdown – from March to June – 649,000 people have dropped off the UK’s payroll. A further 74,000 workers were unemployed last month with 2.6 million people now reported to be receiving benefits.
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Johnson is not the first premier to breach the royal omerta, nor is he the most indiscreet.
An early proponent of dividend recaps – the financial two-step where equity capital is replaced by debt – was Thames Water.
It would be disastrous for the Chancellor’s “growth agenda” to penalise AIM investors.
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