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Tuesday newspaper round-up: Bank transfer scams, high streets, NMC Health

By Michele Maatouk

Date: Tuesday 11 Aug 2020

Tuesday newspaper round-up: Bank transfer scams, high streets, NMC Health

(Sharecast News) - Many victims of bank transfer scams are being treated unfairly and the chances of them getting their money back is often a lottery, according to Which?. The UK consumer association is pressing for the voluntary code that is supposed to protect consumers to be made mandatory, and said the number of people being reimbursed by their bank was "woefully low". - Guardian
The problems facing high streets up and down Britain are laid bare by analysis of official data showing the struggles that retailers were already facing before the Covid pandemic hit. In the three years to 2018, retail employment had declined across all regions, except in the north-west of England, according to the report for the Office for National Statistics. - Guardian

Collapsed hospital firm NMC Health is being investigated over claims of fake invoices and forged documents relating to hundreds of millions of dollars worth of sales. - Telegraph

The Bank of England will do more and faster quantitative easing if the economy slows and markets wobble again, a senior official has said. Sir Dave Ramsden, deputy governor for markets and banking and a member of the Bank's monetary policy committee, said that the pace of gilt purchases under QE would accelerate if "we saw signs of [market] dysfunction" and that the Bank had "significant headroom to do more QE" if economic risks crystallised. - The Times

The first six months of this year was the worst on record for British travel, leisure and retail companies, with record numbers having to issue profit warnings as the pandemic wreaked havoc on them. Almost three quarters of listed businesses in those industries were forced to warn shareholders that profits would be materially below what had been expected before coronavirus struck, according to a report from EY, one of the Big Four accountancy firms. - The Times


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