Banks are set to make more than £600 million in extra interest paid by cash-strapped homeowners taking mortgage holidays, Money Mail can reveal. Campaigners say the vast profit lenders will make from the crisis is ‘disgraceful’ and are demanding they scrap additional interest charges. The breaks are seen as a lifeline for borrowers facing financial … Read more
Airline and holiday company easyJet has secured a £600 million loan from the Treasury and the Bank of England’s coronavirus fund. It comes after its founder warned that the budget airline will ‘run out of money by around August’, as he urged directors to scrap a multi-billion pound deal with Airbus to avoid taking tax-payer … Read more
A rush of over-75s claiming pension credit to keep their free TV licences is set to cost the Government £600million a year, This is Money can reveal. An estimated 300,000 more people have successfully applied for the traditionally underclaimed benefit since the BBC announced it was axing the licence fee perk for all but the … Read more