Epunchng - Most read newspaper in Nigeria Thursday, December 7, 2017 - Page 35

THURSDAY, DECEMBER 7, 2017 international 35 business UK bank customers stuck in permanent overdraft M ore than two million people in the UK are stuck with permanent overdrafts, with many trapped in a “vicious cycle” of borrowing, according to a debt charity. As reported by The Guardian, StepChange said it had also uncovered evidence of unaffordable lending in the overdraft market, and cases where banks had failed to offer customers a means to deal with their debt, even when they had made it clear they were in financial difficulty. The charity’s new report follows changes to overdrafts by some of Britain’s biggest banks, and a highly critical report published by the Financial Conduct Authority in July which suggested that unauthorised overdrafts could end up being banned. The StepChange report, entitled Stuck in the Red and based on a survey of the charity’s clients and an analysis of FCA data, found that about 2.1 million people were constantly overdrawn, going into the red in every month of 2016. Around half steel imports from Vietnam, saying China is using the country as a way to dodge earlier penalties. Certain steel products Vietnam is selling to the US are being produced from Chinese materials, the US Department of Commerce said in a statement late Tuesday, The CNN reports. American steelmakers complained last year that Chinese companies appeared to be avoiding huge tariffs by diverting products to Vietnam for “minor processing” before they were shipped to the US The Commerce Department took up the case in November. It hit Vietnam on Tuesday with duties of more than 500 per cent on cold-rolled steel FN( 0&6VB6W6RFW&0BfW"#W"6VB6'&6&W67FB7FVVvF6֖"&v27FVV2f"V'2&VV"BbG&FRg&7F&WGvVVFRU2B6FRv&N( 2&vvW7B&GV6W bFRWFW&6BWW&V7FVVW'2fR67W6V@6bGVrG0VvFVBWFFW &WG2W6rFv&6W2f&6r&f2F66RFV"G2BƖpFW6G2b'2U27FVV6BFRfP( &W&W6VG27&F67FWF6WGFrFvRbFPF2W6VBFf@FRU2vFGVVB@7V'6F6VB7FVV( Ю( F2FV66&W6VG2V6W&vr6vf"FR7FVVGW7G'B6VBWBFW 6VG&W2B6W2F6RFBFV"6VFrvvW"&RFW&FVB( FP66B7FFVVB&Vr2FVfVFV@G6Vb6rfW&66G0v&&&V'&VvB'vVW"FVBFR6W6R@fWFW6RvfW&VG0FF( BVFFVǒ&W7@F&WVW7G2f"6V@vVFW6F7BFWW&VVvV76BB@6fVBFB6W6R7FVVv2&Vr&W&WFVBF&VvfWFFWfFRF&fg266&FrF&WWFW'2&W6FVBG'V07&F66VB6FR7@fW"7FVV67W6rB`6VFr&6W2'WB0F֖7G&F6( BW@V6VBFR&W7VG2b6W&FRfW7FvFFvWFW"6VG2b7FVVg&FW"6VG&W26R&6FF6V7W&G6W&6R6V7&WF'v'W"&72B6B0FVvVBV6RG0fFw2v66VB&W7VB&rF&fg2'FRVBbVRvFVBFF6R6WfW&FW &rv26VFr76pF7WG2&Vf&RR&WGW&V@FFRfW7FvFFRU26W&6PFW'FVB6BGVW6FFBBvVBRG2f'VƖrFRfWF7FVV66RfV''V'U2G2fWFvF76fRGWFW2fW G'VFBFRvRVFVB7FFW206W6R7FVV'W@7G&VWBW&VǒFBPVgFW2B6pbFR6&G( 26ƖVG2fPfW&G&gBFV'BvFFPfW&vRVBvVBW@B *3s#"fW&G&gG2&RRbFP7BvFVǒW6VB7&VF@&GV7G2( 2FR&VwVF fVBFBV&ǒ2֖ƖVRfR&VVfW&G&vখFR7B"F2( 2FVvFW&RFW6vVBf"6'BЧFW&&'&vr7&F72fP6VBFW&R666pf"&3 *3&&bFP&>( V&WfVVW26Pg&VWF&6VBfW&G&g@6&vW2FR6WFFB&WG2WF&G6@7BV"VRvvW&Rg&WVVFǐfW&G&vB&VwV&ǐvVBfW"FV"Ɩ֗B6V@fBFV6VfW276Pb&'&vrFBv2fW'Fff7VBFW66Rg&6@7FW6vR6Rb7FW6v^( 06ƖVG2FW67&&VBrvvW0B6RBFFV 7W'&VB66VBvVBf`FV"fW&G&gBB766FV@FW&W7BB6&vW2'WBFVখ&FW"F6fW"W76VFW6VB&2FWvV@fRFv&6FFR&VBF2gFV&W7VFVBVP&WVFVFǒ7W'&rFW&W7@B6&vW2VrF@V6FFV"f6Fff7VFW2FVWVVBV&W"b6ƖVG0FW67&&VB&VrvfV6vf6BfW&G&gBƖ֗G0&VFfRFFV"6Rv6FRBfW'Fff7V@FW66Rg&FV"FV'G06RFWBfV&VBRv2vfVfW&G&g@b *3"#SFW7FRv&p'BFRBǒ&V6Vfp( "VVW2&W&rw2FRbg&W6'BFRVGV'FW'2bFRG&FF6fV7F'W"pVFW&VvvW"v$VV&V6vW&GVW6FFeU2&V6&G27G&vW7Bv&W"&GV7FfGV'0@RVFVB7FFW2v&W &GV7FfG&6RF&VPW"6VBFRF&BV'FW"FR&W7B6vrF&VPV'2vR&W"67G2fVf"6V6B7G&vBV'FW"66&FrFFP766FVB&W72FP7&V6R&GV7FfGFRVǒ6WFV&W"V'FW v2FV&RFRRW"6V@vFR6V6BV'FW B&FV'FW'2vW&RW6vf6Fǒg&66BW"6VB&6RFRf'7BF&VPF2bFRV"&W 67G2fV"W"6VBgFW WfV&vvW""W"6V@FV6ƖRFR6V6BV'FW"FRF&BV'FW"fwW&Rf &GV7FfGv2V6vV@g&FW7FFRvP&W"67G2vW&RFǐW7FFVBFfR&6V'RW"6VBV6֗7G2&RVgVFBFRWGW&&GV7FfG&R6vFBF2WV7W&R`Ɨfr7FF&G22&fpgFW"&vVBW&B`vVW72V6֗7G2&VƖWfRfFpv2F7&V6R&GV7FfGFRVBbWGWBW W"bv&2FR&vvW7@6VvRf6rFRV6א&vBrFW6F@vFWB&fVVBFRG'VF֖7G&FvfRFff7VG&V6pG2vbFV&ƖrV6֖0w&wF6֖rV'2FRWGW&FR7BGvV'FW'2&VfV7G2FRf7BF@fW&WGWB2V7W&V@'FRw&72FW7F0&GV7B66VW&FVB6'ǐfvrvV7F'BFFPV"tEw&WrBV&FRb22W"6VBFRF&@V'FW"FRvfW&V@&W'FVB7BvVVBF@fvVB2W"6VB&6RFR6V6BV'FW"Bv2FPf'7B&6F&6tEv0bF&VRW"6VB"&WGFW"F&VRV'2*3#6RW"FW0VfW'67&VFBVG2FR6&G0&V6VFVBFB&0BFRd46VBv&FvWFW"F&R&WGFW FVFg7W7FW'2"@&6bW'67FVBFV'B@B6B&2FBBBW@FR66VB67&6&vW0f"VWF&6VBfW&G&gG0BV7W&RFV"6&vp7G'V7GW&W2vW&R6V"@G&7&VB6RWbfW&G&g@fVW2FBFVffV7B7@FV2FB7@G2&BƖf7W7FW'2fR&W'FVFǐ6VVFV"67G26&'W@6R&Rr&RFR&2fR'&Vv@WrfBfVRbFf"WfW' *3rFB6VP&'&w2fW"FV"fVRg&VPƖ֗B6VRv2*3fW&G&gBƖ֗B@W6W2Bf"F2Fvr *3B#fVW2v7B *3ヂ&Vf&R@bFW&RW&VFǐfW&G&vBv67BWfV&RखVǒG&Wr&WFPd4( 26VbWV7WFfR6C( FRGW&RBWFVBbFP&&V2vRfRfVBvFV'&vVBfW&G&gG2VFBFrFR7FGW0V2BF(