Latest updates: PMQs before Rishi Sunak will reveal budget measures on Wednesday, including extending furlough scheme until the end of September
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PMQs is about to start.
There is a list of MPs down to ask a question here.
The government is to more than double the single payment limit on contactless cards to £100 – from £45 today.
The chancellor will announce the move in the Budget, as part of the push to support retailers when the lockdown ends.
“As we begin to open the UK economy and people return to the high street, the contactless limit increase will make it easier than ever before for people to pay for their shopping, providing a welcome boost to retail that will protect jobs and drive growth.”
Revealed: Some of the UK’s biggest banks are urging caution over plans to raise the UK’s contactless payments limit to £100 amid industry expectations that Rishi Sunak will confirm the move as part of a ‘Brexit dividend’ package in his Budget tomorrow. https://t.co/7d57PKlo9b
Thoughts on new higher £100 contactless spending limit: extremely convenient for cardholders, *but* presents a hugely raised incentive for card theft. Still, it’s the banks that’ll pay, as contactless theft is refunded as standard… or at least it is presently
Some of the things the new £100 contactless limit will allow you to buy without entering a PIN: weekly family food shop fancy pair of trainers premium electronics a meal out for a group a full tank of fuel for a large SUV car