Some of Britain’s biggest companies – Sainsbury’s, John Lewis and Lloyds Bank – announced they were axing another few thousand jobs today amid fresh warnings that 18,000 shops will have closed on the High Street by the end of the year.
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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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