For a lot of people borrowing from a payday lender "is not a good idea" and they can find themselves getting further into debt, a finance chief told Good Morning Britain.
Financial Conduct Authority (FCA) chief executive, Martin Wheatley, admitted the interest cap on payday loans would "restrict the availability of loans to some people" but it would keep customers away from toxic debt.
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From March 1, the paper £10 note will cease to be legal tender - replaced completely by the polymer version.
The Prime Minister will admit to concerns that the current system is narrowing access to poorer students.
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