Mortgage approvals continued to slump in May – live updates

The Telegraph | Jun 29, 2020 at 1:52 PM
  • Drinks-maker Britvic says it “will be pausing all paid and organic advertising on Facebook and Instagram for the month of July” to support the #StopHateForProfit campaign.
  • The company, which lends money at high interest rates to more than 100,000 consumers with poor credit ratings, suffered a major hit after it was forced to halt lending for about two months during lockdown and grant automatic payment holidays to customers who asked.
  • Mortgage approvals hit record lows and consumers continued to cut their debts, paying off credit cards and overall lending for a third consecutive month.