CORPORATIONS cashing in on Covid-19 are set to make tens of billions more in profits this year while millions of people fall into poverty worldwide, Oxfam has revealed.

According to a new report by the charity today, 32 of the world’s largest companies stand to see their profits jump by $109 billion (£80bn) more in 2020 than the average over the past four years.

A tax on these “pandemic profits” could provide every person on the planet with a Covid test and vaccine, Oxfam claims.