Diners in rush to savour last day of eat out to help out scheme

Queues form outside some restaurants, including Nando’s and McDonald’s, around the UK

Diners rushed to their local cafes, bars and restaurants on Monday – the last day of the UK government’s hugely popular eat out to help out scheme.

Dubbed “going for a Rishi”, the half-price meal offer throughout August was launched by the chancellor, Rishi Sunak, to help preserve jobs in a sector that has been hard hit by Covid-19 lockdown.

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Former owner of Saga invests £100m to save company from Covid crisis

Sir Roger de Haan buys up 20% of shares and joins board of over-50s travel and insurance group

The former owner of Saga, who became a billionaire after selling the over-50s holiday and insurance group in 2004, is returning to the business by investing £100m to shore up the company’s finances.

Sir Roger de Haan, who sold Saga for £1.35bn 16 years ago, will inject the funds in return for a stake in the company of around 20%, with the company seeking a further £50m from existing investors.

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The live now, pay later economy comes at a heavy cost for us all | Phillip Inman

Central banks risk triggering a cascade of defaults if they ever raise interest rates again

Why would you want to own anything when you can rent? It is a question being asked of cash-strapped millennials whenever they think about hitting the high street.

John Lewis is the latest to tell young people they can have it all, or in most cases the bare necessities of modern life, if they would just learn to lease or rent whatever it is they need – a computer, sofa or desk chair. Don’t wait, says the department store, until you have the savings to pay for something outright (which may be never happen). Overcome those silly concerns about student loans, mounting credit card debts and a lack of savings by signing one lease or rent deal after another to get whatever you need.

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Bank of England to stay in emergency mode until recovery ensured, says governor

Andrew Bailey insists ‘act big and act fast’ response effective and declares Bank still has ‘firepower’

The Bank of England will stick with its emergency policy setting until it is sure the economy’s recovery from the Covid-19 slump is more than a summer bounce, Threadneedle Street’s governor has said.

Andrew Bailey told a symposium of fellow central bank governors that the Bank’s decision to “act big and act fast” during the early stages of the pandemic had proved an effective response to the market panic and economic lockdown.

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