Household debt on credit cards and loans and car finance had been rising before the coronavirus struck. Damon Gibbons, director of the Centre for Responsible Credit, said some lenders were being more flexible than others with consumers. “There’s going to be a lender lottery as a result of all this,” he said. … [Read more...] about UK banks granted 1.5m payment holidays on credit cards and loans
Unsecured government business loans
A SIMPLE GUIDE: What are the symptoms? RISK AT WORK: How exposed is your job? HOW A VIRUS SPREADS: An explanation RECOVERY: How long does it take to get better? How do I claim the help?The chancellor said this will cover 95% of the self-employed who make most of their money from self-employment. This is how it works: … [Read more...] about Coronavirus: What help are self-employed getting from government?
August - The government will pay 80% of wages up to a cap of £2,500, but employers will start to pay national insurance and pension contributionsSeptember - The government will pay 70% of wages up to a cap of £2,190, with employers paying 10% of wages as well as contributionsOctober - The government will pay 60% of wages up to a cap of £1,875, with employers paying 20% of wages plus contributionsMr Sunak also announced that support for the self-employed would also be extended, although at a reduced rate. … [Read more...] about Coronavirus: Businesses must pay towards furlough scheme from August, chancellor announces
Sir Jeremy Farrar, director of the Wellcome Trust and Sage member said in a Twitter post that he 'agreed with John' on the clear science advice, appearing to reference Sage colleague Professor John Edmunds, who said on Friday the Government was 'taking risks' by relaxing measures from Monday … [Read more...] about ‘Don’t tear the pants out of it!’ Government adviser Prof Van-Tam warns public not to abuse liberties and risk pushing R rate above 1 when lockdown is eased and says ‘we’re at a very dangerous moment’ after huge crowds swarm beaches in 82F temperatures
More from Covid-19 Nationwide profits tumble by 40% with £101m coronavirus hit Coronavirus: Chancellor to ask employers to pay 20% of workers' wages - reports Coronavirus: Rehab for 'traumatised' COVID-19 survivors after infections pass peak Car manufacturing at lowest point since Second World War Boris Johnson's deployment of brute force appears to have saved Dominic Cummings Coronavirus: Chancellor has left limited companies to 'bleed to death', directors say … [Read more...] about Coronavirus: Business confidence sinks to 2008 financial crash low, Lloyds survey shows