British consumers will get a three-month freeze on loan and credit card payments to weather the COVID-19 epidemic, under plans outlined by the country's financial regulator on Thursday.
The "stop-gap" package complements relief already announced by the government to support mortgage-holders, furloughed staff, renters and the self-employed. It includes pledges to slash to zero interest rates on arranged overdrafts up to £500, for up to three months.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.
We humbly apologize for the inconvenience.