UK banks banned from requesting personal guarantees for loans

  • 📰 The Guardian
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 53%

United Kingdom Headlines News

United Kingdom Latest News,United Kingdom Headlines

Rishi Sunak says lenders must ‘do their part’ to aid small businesses during Covid-19 crisis

The chancellor, Rishi Sunak, has banned banks from requesting personal guarantees for emergency loans to small businesses amid growing government concern that lenders have been slow in meeting demands for help.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Home-run ltd businesses do not qualify for grants even they have employees. I’ll be forced to close mine soon. For who in fact is this public help? For banks? For estate owners?!

To even dream that the banks would do anything to assist small businesses is crazy. Rather than being part of a national solution the banking fraternity continue to behave like the licenced gangsters that they are. Disgraceful, immoral bunch.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 84. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Boy, 13, believed to be youngest person to die from coronavirus in UKIsmail Mohamed Abdulwahab, 13, from south London, was not known to have any pre-existing health conditions 👇 coronavirus covid19
Source: The Telegraph - 🏆 41. / 63 Read more »

Netflix UK April 2020 new releases – the best series and moviesWITH the UK stll in lockdown due to the current coronavirus pandemic, we are all very much on the lookout for something new and exciting to watch. Enter Netflix, which is always bursting at the sea…
Source: TheSun - 🏆 64. / 61 Read more »

Coronavirus: The data suggests the UK is on course for many thousands of deathsSky's economics editor looks at the numbers to see what we can expect over the coming weeks - and he finds little comfort. EdConwaySky Why was yesterday's figure revised from 393 to 381, and why were the 13 deaths recorded in Scotland omitted from the UK total provided by GOVUK?
Source: SkyNews - 🏆 35. / 67 Read more »

Boris Johnson restates pledge to boost UK coronavirus testing capacityPrivate facilities offer to help in Dunkirk-style effort as PM says testing is ‘way through’ crisis 'Private facilities offer to help in Dunkirk-style effort.' I thought that mass gatherings on beaches were off. Talk about a mixed message. Hahahaha! He’s taking the piss while killing people by pursuing his Herd Mentality! I restate your cheque is in the mail.
Source: The Guardian - 🏆 84. / 53 Read more »

How long will the UK coronavirus lockdown last?Boris Johnson took the unprecedented step of curtailing individual freedoms to prevent the further spread of coronavirus. Nobody knows...... next? How much of a mess has BorisJohnson made
Source: The Telegraph - 🏆 41. / 63 Read more »

UK researcher creates 'coronavirus test' that 'gives result in five minutes'Professor Maneesh Singh claims his company Biocel Analytics has created a game-changing piece of coronavirus testing technology which could be used alongside a mobile phone app
Source: The Mirror - 🏆 136. / 51 Read more »