Day: August 21, 2016

    Trump also reportedly relies on a stream of lenders and credit to prop up his opaque and complex network of partnerships and limited liability companies. I’m very rich, Donald Trump has often said to woo the crowds, talking about the fine marble in his hotels and the millions of dollars he has both given to the veterans and to funding his campaign. A New York Times investigation has revealed, however, that his companies are carrying debt of at least $650m (£497m) – more than double the amount that he disclosed in public records. While Allen Weisselberg, chief financial officer of the Trump Organisation, insisted to the newspaper that Mr Trump’s company was a tightly-run family business, his critics have argued that the Republican owns minority stakes in an opaque network o...

    According to Labour’s former Olympics Minister Dame Tessa Jowell: “If, in 2020, we’re looking back at a team GB that has not performed at the level that it did Rio or in London then it will be fair to say that Brexit was one of the reasons. Rio 2016 could be Team GB’s last truly great Olympic Games, as concerns mount that forthcoming political and economic upheaval as a consequence of the UK’s decision to leave the European Union will make it difficult to sustain the investment in sport necessary for British athletes to deliver the dominant performances the country has come to expect from them at Tokyo 2020 and beyond. The former Chancellor George Osborne pledged a 29 per cent increase in exchequer funding for elite sport in what turned out to be his final Autumn Statement...