Loans

Three in five bounce-back loans may never be repaid, watchdog claims

Ashish Patani2021-03-28T21:00:13+01:00

Up to three in five bounce-back loans (BBL) handed out during the pandemic might never be repaid, according to the National Audit Office (NAO). The bounce-back loans (BBL) scheme announced when the UK was in lockdown in April 2020 offers loans of up to £50,000 per business, or a maximum of 25% [...]

Three in five bounce-back loans may never be repaid, watchdog claimsAshish Patani2021-03-28T21:00:13+01:00

Chancellor reveals new support measures amid second-wave fears

Ashish Patani2021-03-28T21:01:40+01:00

New support measures & loans for businesses and workers have been announced in the face of a rising tide of coronavirus. A job support scheme or loans will replace the furlough scheme from 1 November 2020, initially until 30 April 2021. Government and employers will subsidies the pay of employees working fewer [...]

Chancellor reveals new support measures amid second-wave fearsAshish Patani2021-03-28T21:01:40+01:00