Bank Of England Spends Billions Bailing Out Europe’s Richest Families

Luxury Brands Suffer Lack of Big SpendersIn a twist of fortunes, a reluctance to spend among the wealthy has hit companies that cater to their very tastes: Luxury brands. Two major luxury firms, Chanel and Burberry, have claimed from the CCFF, as have high-end hotels and other quintessentially British retailers .Maybe things really are that bad among the wealthy if they are not spending at their usual volumes.

Totenham Hotspur was more candid, however, saying that its losses may exceed £200 million for the period to June 2021."In all my 20 years at the Club, there have been many hurdles along the way but none of this magnitude," said its chairman, Daniel Levy, who was the highest-paid Premier League executive last year.

Since companies benefiting from the Bank of England's loans are not allowed to issue bonuses, Levy's £3 million bonus will be less forthcoming this year.

How you doing Dave long time no see. Just back in time to see the outcome of the wager between you and Bojo the Clone ..... PandemicBrexit

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