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The Financial Times reports that German payments group Wirecard’s core business in Europe and the Americas has been loss-making for years “despite portraying itself as a highly profitable business”. The group collapsed into insolvency last month after revealing that €1.9bn (£1.7bn) in its accounts probably did “not exist”.

Financial Times Front Page 14th of June 2024

Labour leader Sir Keir Starmer has announced an £8.6 billion tax increase plan aimed at stimulating economic growth and addressing perceived mishandlings by the Conservative government, with significant focus on funding for the NHS and education and cracking down on tax avoidance.

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