Government extends loan guarantee scheme to cover bigger firms
Banks offering loans will work through weekend so that scheme is ready for Monday Coronavirus – latest updates See all our coronavirus coverage The government has sought to allay growing fears about the impact of a protracted Covid-19 lockdown on the economy by announcing that its loan guarantee scheme will be open to mid-sized firms that were in danger of being left out. On the day that the foreign secretary, Dominic Raab, confirmed that the quarantining period would last for at least a further three weeks, the Treasury said it was taking steps to help businesses with annual turnovers of more than £45m – which are stuck in what has become known as the “squeezed middle”. Continue reading... from The Guardian https://www.theguardian.com/world/2020/apr/16/government-extends-loan-guarantee-scheme-to-cover-bigger-firms via TV In Wigan
Comments
Post a Comment