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Some 5,000 jobs in the steel industry are in the balance after Greensill Capital, one of the UK's largest speciality finance companies, went into administration today. Greensill, whose advisers include the former prime minister David Cameron, is a major provider of finance to Liberty Steel - the UK's third largest steel company. Liberty, which is part of the GFG Alliance controlled by the so-called 'Saviour of Steel' Sanjeev Gupta, employs 3,000 people directly at 11 sites including Rotherham and Stocksbridge in south Yorkshire, Newport in south Wales and Hartlepool. It also supports at least 2,000 more jobs in the supply chain. The site at Stocksbridge, where 762 people are employed, is said to be under the most immediate threat. Advertisement At a court hearing today, to pave the way for Greensill Capital's administration, lawyers for the stricken company revealed that Greensill had an estimated $5bn worth of exposure to Mr Gupta's GFG Alliance … [Read more...] about Collapse of finance company Greensill Capital leaves thousands of steel jobs in the balance

MILLIONS of self-employed Brits will be given up to £7,500 thanks to the fourth self-employment grant. Chancellor Rishi Sunak confirmed further details about the scheme as part of his Budget including who is eligible. The fourth grant will cover lost earnings through February, March and April as a result of coronavirus. Eligible self-employed workers who have lost income due to the virus will be able to claim 80% of their earnings each month, up to a cap of £2,500. The Chancellor also confirmed that a fifth and final grant will be available covering lost income for June, July and August. This value of this grant will be determined by a turnover test, Like the previous payouts, the grants will be part of the self-employment income support scheme (SEISS). The Chancellor has confirmed that both grants will now be available for 600,000 newly self-employed workers as long as they submitted a tax return by midnight last night. For now, here's everything we … [Read more...] about When can I claim the fourth grant for self-employed?

Prince Harry and Meghan have given an explosive tell-all interview to Oprah Winfrey, opening up about racism concerns, suicidal thoughts and Royal Family rifts. The two-hour prime-time interview with the US chat host - where "no subject is off limits" - has given the couple their chance to tell their story and left many reeling from the unexpected revelations . As the Duke and Duchess of Sussex admit they walked away from life as senior royals because they felt "trapped", we look at the network of famous and influential figures they've got on speed dial now they've built a new life in the US. President Joe Biden and Vice President Kamala Harris While the Royal Family remain staunchly apolitical, Prince Harry and Meghan's departure from "The Firm" has allowed them freedom to have a more friendly relationship with political movers and shakers. Advertisement Harry's past work on military issues bought him into close contact with the Bidens, … [Read more...] about Harry and Meghan: The celebrities and influential figures who make up their LA inner circle

The owners of CityFibre Holdings, the telecoms infrastructure company, are to raise hundreds of millions of pounds from the sale of a stake to a new shareholder to aid their delivery of a £4bn investment programme. Sky News has learnt that CityFibre has appointed the investment banks UBS and Rothschild to identify a third investor to join Goldman Sachs-backed West Street Infrastructure Fund, and Antin Infrastructure Fund. The process, which is expected to take several months, will formally get under way this week, according to industry sources. Insiders said CityFibre was likely to sell a substantial minority stake, which would enable it to receive a capital injection potentially worth many hundreds of millions of pounds. In a statement on Monday, a CityFibre spokesman said: "We can confirm that we're exploring a possible expansion of our shareholder base to support the acceleration of our build and possible participation in the BDUK [Building Digital UK] rural … [Read more...] about Goldman-backed broadband giant CityFibre to sell stake to new investor

WALKING down the pavement, my heart pounding, I tried to keep my eyes on the floor. A group of men on the opposite side of the street were leering and shouting at me, making hand gestures, exchanging loud comments about my developing breasts. I was 14, and it was one of my earliest experiences of street harassment. It was the first time I’d felt really unsafe because I was a girl, but it wouldn’t be the last. I’d go on to be followed home, chased and spat at. A man would later masturbate near me on the bus while he stared intensely into my horrified eyes, grinning. A senior colleague at my first ever holiday temp job would send me inappropriate emails. Eventually, I’d be sexually assaulted a number of times in my twenties. I’d go on to start a campaign against sexism , only to be deluged with hundreds of rape and death threats. Men would compete to come up with the most disgusting ideas, sending me messages about using pieces of furniture to give me internal … [Read more...] about Everyday sexism is real: I’ve been spat at, followed and assaulted since I was 14 – things need to change