Government extends loan guarantee scheme to cover bigger firms

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Banks offering loans will work through weekend so that scheme is ready for Monday

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.

 

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Many individuals & businesses aren’t seeing any support. This government has struggle to deliver any plan for 10yrs. We had a skills shortage from fruit picking to director level before COVID. So it’s not going to suddenly get better. We certainly have that in our politicians.

Really, when most of them make huge profits that are diverted into private pension schemes or offshore accounts, that's great that you'll work through the weekend. Lets all clap for them!

Someone should tell the chancellor the loans he promised and workers wages/benefits have not materialised. The banks want to use people’s houses as collateral and are refusing loans. The 5 week wait for Universal Credit means people are going hungry.

All businesses have entered into a dark place, some will never recover, but its tragic for small businesses, there applications are not being accepted, the hurdles need to simplified for the whole of the business community to be supported.

Of course it does, while We The People suffer

Branson must be oiling his loins at this news , Vermin!

A supportive move

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