Channel 4 Cuts Content Budget By £150m as Virus Hits ad Revenues

Channel 4 Cuts Content Budget By £150m As Virus Hits Ad Revenues
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Channel 4 Cuts Content Budget By £150m As Virus Hits Ad Revenues Registering lets us understand you better. This means that we can build better products and start to personalize the adverts you see so we can charge more from advertisers in the future.

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The financial regulator will add support for car financing to its temporary measures designed to help consumers facing financial difficulties due to the coronavirus crisis.

Channel 4 Cuts Content Budget By £150m As Virus Hits Ad Revenues
Channel 4 Cuts Content Budget By £150m As Virus Hits Ad Revenues

The financial regulator will add support for car financing to its temporary measures designed to help consumers facing financial difficulties due to the coronavirus crisis. The support will come into effect on 14 April, although it will be available immediately at major banks and building societies. The credit ratings of consumers taking advantage of any of the emergency measures will not be affected.

The Finance and Leasing Association (FLA), which represents the credit arms of the car manufacturers and the banks, says its members provide financing for around 90% of the 2.3m new cars typically sold each year in Britain.

Car manufacturers including Volkswagen and Ford have already announced some emergency measures to help customers.

The most common car purchase method is a personal contract plan, known as a PCP, where a buyer pays a deposit and then rents the vehicle for two to three years at a monthly cost, typically around £250.

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