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The end of the furlough: what it could mean for banks – economia

By November 1st the UK governments furlough scheme will end, spelling fresh challenges and opportunities for the banking sector, writes Daniel Lanyon.

The UK could see a wave of consumers and SMEs entering into financial difficulties in Q4 2020 following the end of the governments furlough scheme. What does it mean for banking investors?

While the German and French equivalent furlough schemes continue into 2021, larger UK banks and fintech challengers are facing the furlough and self-employment schemes ending, as well as payment freezes on mortgages, credit cards and utilities ending in the last three months of 2020.

For digital challenger banks such as Monzo, Starling and Revolut, who have come through the coronavirus period relatively …

Read the full article at: https://www.icaew.com/insights/viewpoints-on-the-news/2021/aug-2021/the-end-of-the-furlough-what-it-could-mean-for-banks

Category: BankruptcyBy Insolvency GuardianAugust 10, 2021

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The end of the furlough: what it could mean for banks – economia

By November 1st the UK governments furlough scheme will end, spelling fresh challenges and opportunities for the banking sector, writes Daniel Lanyon.

The UK could see a wave of consumers and SMEs entering into financial difficulties in Q4 2020 following the end of the governments furlough scheme. What does it mean for banking investors?

While the German and French equivalent furlough schemes continue into 2021, larger UK banks and fintech challengers are facing the furlough and self-employment schemes ending, as well as payment freezes on mortgages, credit cards and utilities ending in the last three months of 2020.

For digital challenger banks such as Monzo, Starling and Revolut, who have come through the coronavirus period relatively …

Read the full article at: https://www.icaew.com/insights/viewpoints-on-the-news/2021/aug-2021/The-end-of-the-furlough-what-it-could-mean-for-banks

Category: BankruptcyBy Insolvency GuardianAugust 10, 2021

Post navigation

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May 29, 2025
More trouble for Keroche as ex-MD files for liquidation in Sh75m exit payout dispute – Business Daily
May 29, 2025
Husband-and-wife directors of singing waiters firm banned – continued to take payments when company was insolvent – Insider Media Ltd
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City regulator issues alert over bankrupt podcaster’s former company – The Times
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‘We will sue him until he goes bankrupt’: Victim’s mother plans to sue ex-actor Ian Fang
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