Economy set for November crunch as banks told to end mortgage holidays – Telegraph.co.uk

Millions could face a brutal autumn after the City watchdog announced an end to mortgage holidays at the same time as the taxpayer-funded furlough scheme is axed.
Covid-hit workers will no longer be able to demand a break from mortgage payments beyond Oct 31, following a change to rules set out by the Financial Conduct Authority.
The furlough programme, which pays up to 80pc of wages for workers unable to do their jobs, will end on the same day – potentially triggering mass redundancies as fir…

Click here to view the original article.