Leo Varadkar: There is 'no cliff-edge coming' for people on payment breaks due to lost income

Tánaiste Leo Varadkar said there would be no sudden cutt-off for those availing of the schemes. 

The Tánaiste has said that there is "no cliff-edge" for people who have payment breaks or interest-only arrangements with banks due to Covid-19, however, applications for breaks will end from September 30.

Leo Varadkar, along with finance minister Paschal Donohoe and public expenditure minister Michael McGrath, met with the CEOs of AIB, Bank of Ireland, Ulster Bank, KBC, and Permanent TSB along with lobby group the Banking Payments Federation of Ireland (BPFI) to discuss the issues facing people in light of the pandemic.