Resolution Foundation report published: Next steps in the economic response to Coronavirus
Think tank the Resolution Foundation has published a report on the next steps in the economic response to Coronavirus. The report introduction reads: “The Government has responded to Coronavirus by shutting down large parts of the UK economy, and socialising the costs of doing so through a package of fiscal support to firms and individuals unprecedented in size and scope. Given […]
Read MoreMALG publishes list of creditor email addresses for money advisers
Following a request during on of the first ‘MALG Members Friday Forums‘, which was originally set up to help those from across the money advice and debt landscape to work together to tackle the Coronavirus crisis, we curated a list of creditor email addresses for advisers to who were struggling to get in touch on […]
Read MoreUnprecedented demand for debt help predicted when Coronavirus crisis-relief ends
One of the UK’s free debt advice providers, PayPlan, has said it expects to see a huge surge in demand for debt advice when the current temporary relief being offered by lenders in response to the Coronavirus crisis comes to an end. The FCA called for interest and charges to be frozen on all loans […]
Read MoreMoney Advice Trust calls for FCA to ‘close the gaps’ in its Covid-19 consumer credit measures
The Money Advice Trust, the charity that runs National Debtline and Business Debtline, has called on the Financial Conduct Authority to “close the gaps” in its package of support for consumer credit customers affected by the Covid-19 outbreak. The charity has welcomed the FCA’s proposals on credit cards, loans and overdrafts – but is calling […]
Read MoreFCA proposes temporary financial relief for customers impacted by coronavirus
The Financial Conduct Authority (FCA) has proposed a range of targeted temporary measures designed as a stop-gap to quickly support users of certain consumer credit products who are facing a financial impact because of the exceptional circumstances arising from coronavirus. This package is intended to complement measures already announced by the government to support mortgage […]
Read More