Rishi Sunak is warned he will crush companies if he insists on calling in all bounce-back loans from March

Labour is urging the chancellor, Rishi Sunak, to ease the burden of Covid-related debt on business, warning that hundreds of thousands of firms could go to the wall unless the government acts.

The shadow chancellor, Anneliese Dodds, said companies were facing the prospect from next month of having to start paying back £71bn in government-backed loans intended to nurse them through the pandemic.

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Far-right Covid conspiracy theories fuelling antisemitism, warn UK experts

Organisers of exhibition on history of British fascism say parallels can be…

Bruno Tonioli to replace David Walliams as Britain’s Got Talent judge

Former Strictly Come Dancing favourite joins ITV talent show panel after Walliams…

How will Europe weather a second winter without gas from Russia?

EU states have worked hard to secure supplies and storage – while…