Tag: borrow

How mortgage holidays can affect your ability to borrow

Image copyright Sara Taylor Image caption Sara Taylor took a mortgage holiday as her revenue collapsed “At the start of the Covid-19 pandemic, my revenue stream evaporated in six days,” says Sara Taylor. Ms Taylor runs an events management company. It’s been voted the worst industry to be working in during 2020 by the website Reddit, because of the impact… Read more →

Read more →

Coronavirus: Where do governments borrow money?

Image copyright Getty Images The government has taken wide-ranging steps to try to limit the economic impact of coronavirus. But measures such as the furlough scheme will be expensive. And government income is down because, when people earn and spend less, they don’t pay as much income tax and VAT, for example. That means the government will have to borrow… Read more →