IRRV Alert - week ending 20th March 2009

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Plans to reduce consumer debt unveiled

 

 

 

 

Published: 17 March 2009

Summary

Plans to reduce consumer debt unveiled

 Detail

  A plan to stop lenders automatically raising credit card borrowing limits has been announced by the Government.

It is part of a package of measures unveiled by the Prime Minister on Tuesday to help consumers struggling to make ends meet during the economic downturn, and to prevent people getting further into debt.

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