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British economy

World news about “British economy” published by euronews.

11/11 18:57 CET

Britain protects vulnerable borrowers with caps on super-high interest payday loans

Britain protects vulnerable borrowers with caps on super-high interest payday loans

The authorities in Britain have moved to prevent so-called payday lenders abusing the people who borrow money from them. The companies - which lend small sums for a short period of time - will have the amount of interest they can charge capped. It is a response to firm's…