While people struggling financially will be able to ask for support and still take advantage of a £500 interest-free overdraft until October, many borrowers are in for a shock as banks hike the cost of overdrafts.
Daily Mail Articles
Insurer launches travel cover if you catch coronavirus before a trip
At a time when many are preparing to head abroad for the first time in months, the new product promises to protect holidaymakers against Covid-19 related issues both pre-departure and whilst abroad.
ALEX BRUMMER: Antonio Horta-Osorio stabilised Lloyds
In spite of the missteps, his skill in repairing the troubled bank should allow him to land a European job. He need not hurry, having collected £56m during his sojourn at Lloyds.
Parents are hoarding wealth to avoid children losing it in a divorce
Many believe that the coronavirus lockdown will trigger a rise in divorce rates, and are only gifting small amounts or giving directly to their grandchildren.
Broadband providers swamped by UK’s insatiable need for internet speed
The increase in usage has been so great that some customers are now using enough extra data to watch three and a half hours more Netflix every single day.
Housebuilder Barratt vows to hand back £27m furlough cash
It sidelined around 5,700 employees, or about 85 per cent of its workforce, at the height of the lockdown under the Government’s coronavirus jobs retention scheme.
Lloyds Bank hunting for a new chief executive
Scheduled for next year, his departure was announced alongside the appointment of former government advisor Robin Budenberg as chairman to replace Lord Blackwell.
Boohoo loses close to a quarter of its value
The fast-fashion retailer was forced to admit it did not know the name of a supplier which was paying staff £3.50 an hour to make Nasty Gal clothing.
Former Barclays boss denies he ‘deceived’ board
John Varley was giving evidence at a trial where businesswoman Amanda Staveley is suing the bank for £1.6billion over claims it misled her while she helped secure deal that saved it in financial crisis.
Big Four face revolution in the audit industry
The accounting watchdog has told EY, PwC, KPMG and Deloitte they must submit plans by October on how they will split their audit arms from their consulting businesses.










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