UK borrowing hits record £55bn in May; retail sales rebound -business live

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Rolling coverage of the latest business news, as new public data reveals the costs of the Covid-19 pandemic

The Financial Conduct Authority has extended emergency measures to allow consumers impacted by the coronavirus outbreak to freeze loan and credit card payments until 31 October. The measures, which were announced in April for an initial period of three months, also includes overdrafts, store cards and catalogue credit. Customers who have yet to request a payment freeze, or an arranged interest-free overdraft up to £500, can apply for one until the end of October.

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China has tons of money ...China will own half the World .

When the claw back begins?

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