Stephen Halbhuber

Banking, businesses, Mortgages, general credit 🏦🛒

All providers are ready and able to offer support to their customers who are impacted directly or indirectly

asking for help early is key.

🏦 RBS Group, which is still 62% owned by the government and also includes NatWest and Ulster Bank, announced it will offer a three-month holiday on mortgage and loan repayment for customers affected by the outbreak. It will also allow customers to temporarily increase their credit card limit and access cash in fixed savings accounts with no early closure charges.

The bank is also offering to scrap fees on credit card cash advances and increase cash withdrawal limits up to £500.

🏦 Lloyds, which also owns Halifax, Bank of Scotland and credit card brand MBNA, is giving customers emergency access to fixed term savings accounts and is offering to defer loan and mortgage payments. The banking group is also waiving fees on missed credit card payments, and allowing customers to deposit larger cheques online through digital scanning, assuming they are not able to access its branches.

🏦 Metro Bank and Santander UK said they would assess requests on a case-by-case basis.

RBS, which is to be rebranded as NatWest later this year, announced it was putting aside £5bn to cover emergency loans and scrapped borrowing fees for small businesses that are starting to struggle as the virus continues to spread.

Lloyds said on Tuesday it was earmarking £2bn-worth of loans for small and medium-sized businesses affected by the outbreak, scrapping any resulting fees and considering repayment holidays for the worst-affected companies.

Back Britain 🇬🇧

While spending is good if the situation does get far worse we should not be writing blank checks to big companies who haven’t prepared for extreme scenarios.

In a time when government can step into help keep business afloat like they did with Lloyd’s bank in the financial crisis

Any taxpayer money that goes to help businesses during the coronavirus crisis should come with the following requirements:

🦠Companies must maintain their payrolls and use funds to keep people working or on payroll for job security

🦠Companies are prohibited from paying out dividends or executive bonuses while they are receiving any money from government and for 18 months after crisis .

🦠CEOs must be required to personally certify a company is in compliance or face criminal penalties

🦠 CEOs and large businesses owners should take immediate pay cuts and no increase in 2 yrs

🦠Government should buy transport and vital services and take under state ownership (worst case scenario)

🦠 Banks should not be able to profit off any hard times people will have to go through.

🦠 All companies must have plans put together in future incase of further risks or diseases so the state does not have to burden the load every single time

🦠 Large companies and businesses need to stop being greedy and stop thinking about corporate greed and thinking about the people.

The tax payers money will be used to do this so it will be owned by the tax payer and after the last time our money was used we never saw any reward from using our money to bail the banks out this needs to change.

Life as we know it will never be the same again after this

We have to change

We have to learn

We have to adapt

We have to bring jobs back to Britain

We have to stop outsourcing manufacturing

We need to start growing more in Britain

We need to start making more in Britain

We need to start believing in Britain

We need to be able to survive on our own as this has shown the true colours of lots of countries across the globe 🌍

The Bailout Of The British People 🇬🇧⏰

Just checking

when President Macron offered €300bn

3 months of 0% loaning to companies the world and some U.K. MPs applauded and spoke horribly about our government

When Sunak offers £330bn

Loans with 6 month 0%,

£10,000 grants small business

£25,000 grants,

Up to £5 million grants

Government paying all PAYE sick pay refunds o businesses

business rates cancellation for a whole year

Mortgage holidays for homes

More money for Wales 🏴󠁧󠁢󠁷󠁬󠁳󠁿

More money for Scotland 🏴󠁧󠁢󠁳󠁣󠁴󠁿

More money for Northern Ireland

More money to local authorities

More money to the NHS 🏥

With more to come in the coming days but to some

it still isn’t enough? #whateverittakes

https://commonslibrary.parliament.uk/social-policy/health/coronavirus-employment-rights-and-sick-pay/

This Government Is Clear 🇬🇧🏠🏥👍🏻

The government is clear –

no renter who has lost income due to coronavirus will be forced out of their home, nor will any landlord face unmanageable debts.

These are extraordinary times and renters and landlords alike are of course worried about paying their rent and mortgage.

Which is why we are urgently introducing emergency legislation to protect tenants in social and private accommodation from an eviction process being started.

These changes will protect all renters and private landlords ensuring everyone gets the support they need at this very difficult time.

https://www.gov.uk/government/news/complete-ban-on-evictions-and-additional-protection-for-renters

https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-guidance-for-employees

https://www.british-business-bank.co.uk/ourpartners/coronavirus-business-interruption-loan-scheme-cbils/

https://www.gov.uk/government/news/government-ensures-ticket-refunds-and-protects-services-for-passengers-with-rail-emergency-measures