Insiders said the RCG, which is sponsored by the lobbying group TheCityUK, would also significantly cut its £35bn estimate of the level of unsustainable debt created by the government's own emergency lending schemes during the crisis.
The group is expected to say that take-up of programmes including the Bounce Back Loans Scheme and the Coronavirus Business Interruption Loan Scheme have been lower than anticipated when figures were originally outlined in the spring.Although in one sense the revised estimates will send a positive signal about the prospective level of unsustainable corporate borrowing, they will still highlight the risks of loan defaults worth tens of billions of pounds.
One source said that the default rate on Bounce Back Loans - which are capped at £50,000 per business and are entirely underwritten by the government - may be moderately higher than originally forecast.
Source: Loan Digest (loandigest.net)
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