“They have not got it,” says Jay Auslander, a US lawyer who has worked on many government debt cases. “And the overwhelming probability is they’re not going to get it.”If this money has not arrived within 30 days of the due date, that is, Sunday evening, that will widely be considered a default.
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COP 26: Four major carmakers fail to back zero emissions pledge
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Toyota, which put its first commercially produced electric cars on the road in 1997, said it will “provide the...
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Firms call for urgent help with energy bills
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The five groups – the British Chambers of Commerce, the Confederation of British Industry, the Federation of Small Businesses,...
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Boeing faces new inquiry over 787 inspection doubts
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“We quickly reviewed the matter and learned that several people had been violating company policies by not performing a...
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Alison Rose: The bank boss caught up in the Nigel Farage row
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Earlier this year, she pocketed a bumper payout of more than £5m on the back of strong profits, receiving...
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Warning jailed bankers ruling could hit loan rate
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In a statement, the three founders said: “We deeply regret that, due to a deep misunderstanding by the UK...
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Triple lock pension pledge suspended for one year
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“It will ensure the basic and new state pensions increase by 2.5% or in line with inflation, which is...
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National Living Wage set to rise to £9.50 an hour
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“This is made more challenging when retailers are currently grappling with an assortment of other government-imposed costs – higher...
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Manchester United: Sir Jim Ratcliffe agrees deal to buy 25% stake
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Sir Jim Ratcliffe’s deal will see £236m used to upgrade the club’s training ground and Old Trafford stadium British...
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