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MoneySavingExpert News

April 2020

The Government's Coronavirus Job Retention Scheme, which allows firms to furlough employees, is to be extended by one month and will now run until the end of June at least.
17 April 2020
The Premium Bond prize rate is to remain at 1.4%, after NS&I announced today it is cancelling the rate cut it had planned in May, in order to "support savers during the coronavirus pandemic".
17 April 2020
In a new piece of video analysis, MoneySavingExpert.com founder Martin Lewis explains that while more employees may be eligible for support from the Coronavirus Job Retention Scheme after the eligibility date was extended to 19 March 2020, the change may not help quite as many people as the Government claims.
16 April 2020
Tens of thousands of employees who've recently started a new job and thought they'd missed out on being furloughed are now likely to be able to get support through the Government's Coronavirus Job Retention Scheme, after the eligibility date was extended to 19 March 2020. But the move won't help everyone and is unlikely to aid 200,000 employees, as predicted by official estimates.
15 April 2020
High-street fashion chain Oasis and its sister firm Warehouse have become the latest big-name retailers to collapse into administration as a result of the coronavirus pandemic, though both will continue to trade online "in the short term".
15 April 2020
If you're self-employed and have been putting money aside to pay your self-assessment tax bill, this WON'T reduce the amount of universal credit you're entitled to claim, the Government has confirmed.  
15 April 2020
The Job Spotter app – which allows users to submit photos of job adverts in exchange for Amazon vouchers – is to close down. You'll soon no longer be able to submit new photos and the app will be suspended altogether on Friday 15 May, though if you've already earned vouchers they should be sent to you.
9 April 2020
The financial regulator has confirmed that banks should offer a temporary payment freeze on credit cards and loans for three months and offer interest-free overdrafts of up to £500 on current accounts, in a set of new rules introduced to combat the effects of coronavirus on people's finances.
9 April 2020
Department store chain Debenhams has fallen into administration for the second time in a year – though the company will continue to trade online and says it aims to "reopen and trade as many stores as possible" once restrictions put in place due to the coronavirus pandemic are lifted.
9 April 2020
Train firms are now allowing customers to get all tickets refunded remotely, after new systems were put in place as a result of the coronavirus pandemic. 
8 April 2020

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