Coronavirus: banks could offer overdraft increases and mortgage relief

Banks could increase overdrafts or allow repayment relief for mortgages to helped those"directly or indirectly" impacted by coronavirus, industry body UK Finance said.

What about HMRC with many self employed people due to pay their tax bill by the end of March

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Only for those with good credit! Those without and probably need it the most won’t get any help off the greedy banks!

Overdraft increase? Why? Does an overdraft help fight the flu?

At a time when the consumer banks have moved in unison to increase overdraft rates to 40%?

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US Federal Reserve makes emergency interest rate cutCentral bank moves to protect economy from coronavirus outbreak It won't help. This, like the rest, will support the stock market, not the economic - covid creates a supply problem, not demand Why? Wouldn't you only do that for a demand side issue?
Source: The Guardian - 🏆 84. / 53 Read more »