Portsmouth FC, the club which had to delay paying its players wages recently due to a cashflow crisis, have been dealt another blow by the Premier League, who have decided to redistribute £7m in television rights money to clubs owed by Portsmouth rather than to the club itself.
The decision, which is allowed under Premier League [...]
Alistair Darling today unveiled the budget which has been described by those commentators more prone to exaggeration as ‘the most important budget ever’ – notably increasing income tax for those earning over £150,000 a year to 50%.
Debt in the UK has hit a new record high of £175 Billion, according to Darling, while the economy [...]
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