Banks are pushing business loans. Businesses aren’t so sure.

Cindy Apt

When the biggest banks in the country announced their quarterly earnings earlier this month, many of them reported loaning out more money to businesses than they had been during the first two years of the pandemic, when many small businesses were flush with government relief. Even though commercial lending is […]

UK banks need pushing to recover Covid business loans, say MPs

Cindy Apt

MPs have urged ministers to use legal, regulatory and contractual means to ensure banks do their utmost to minimise taxpayer losses under one of the government’s flagship Covid-19 loan schemes for small companies. In a report published on Wednesday, the House of Commons public accounts committee also accused the Department […]