BBCNEWS BBC News June 4, 2024 08:24:00
Because they hold onto it month after month after month, and even ofgem are saying today that some companies used it as an interest—free credit card. what the proposals from the regulators suggest is that there is going to be some changes that will mean those credit balances don't become too excessive. they don't build up quite so much. and what is important here is if a company goes bust, and of course we have seen in the uk, 30 companies around 30 companies collapse in the last year or so, well what happens is that customers are automatically transferred to a new supplier, and their credit...