Month: April 2020

Coronavirus Bounce Back Loan

Last month, Chancellor of the Exchequer Rishi Sunak announced a £330 billion coronavirus business interruption loan scheme. However, there were reports that the application process for the scheme was complicated, payments were delayed in reaching firms, and that banks were requesting personal guarantees (such as homes) for small loans. On 27 April 2020 the Chancellor outlined a …

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