The sum is 10 times the average loan, and was paid to a company indirectly controlled by Matt Moulding

Warrington council lent the billionaire owner of The Hut Group (THG) £151m before the online retailer’s £5bn market listing.

The Cheshire local authority extended a £200m loan facility to a company controlled by Matt Moulding in October last year, one of the largest council loans on record, from which it has taken three drawdowns totalling more than £151m.

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Sir Jeffrey Donaldson ratified as DUP leader by party executive

Meeting at Belfast hotel unanimously confirms the 58-year-old and sole-candidate in new…

Blind date: ‘The friend-zoning at the end was awkward’

David, 28, TV researcher, meets Emma, 30, copywriter David on Emma What…

‘I am not blaming anyone’: Estonians shrug off 23% inflation

Those in Europe’s inflation hotspot remain calm about rising prices, but a…