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Economist: People In Financial...

Coronavirus

Economist: People In Financial Difficulty Could Find Themselves In 'Nightmare Situation' With Banks

Rebecca Noonan
Rebecca Noonan

06:51 29 Sep 2020


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It's after yesterday's decision by the five main banks not to extend mortgage breaks beyond tomorrow.

The scheme was introduced in March to help customers whose jobs were impacted by the pandemic.

Banks say they will continue to offer mortgage breaks on a case-by-case basis - but economist Jim Power says he doesn't have faith in them.

Economist: People In Financial Difficulty Could Find Themselves In 'Nightmare Situation' With Banks

00:00:00 / 00:00:00

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