Why the UK fell behind European peers on emergency funding

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Teething problems and lack of experience held up state-backed business loan schemes

Across Europe, government-backed business loan schemes in Germany, France and Switzerland have been quicker to distribute emergency funding during the coronavirus outbreak than those in the UK, whereThe UK’s coronavirus business interruption loan scheme , which was initially fraught with controversy over demands for personal guarantees, took a month to distributeBut the pace of approvals jumped following the introduction of two additional programmes, including the bounce-back loan scheme that...

 

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The Indian transplants like current Chancellor have a hidden agenda to take UK down to bankruptcy. To pay back UK what it did per Suresh Tharoor a noted speaker in India! It’s all a secret plan including Boris Allies like Priety Patel. TheEconomist

Brexit. The Tories spent all the money on a vanity project to appease a few of their supporters

The rag starts of the week with fake news no wonder it has only a few readers BBC,journalists, And a few others

TORIES. That's why.

Is Europe doomed? 🤔🤔🤔

Maybe because of a decade of Tory austerity.

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