HM treasury preparing new government-backed loan scheme
Industry News | 14/12/20
Rishi Sunak is preparing to widen the use of his coronavirus bailout schemes to help firms if there is a No Deal Brexit.
The Chancellor will invite companies hit by disruption to take advantage of government-backed loans and the furlough scheme.
The support measures were put in place to provide relief for businesses struggling because of the pandemic.
But now the Treasury plans to give them a dual purpose by using them to help firms get through short-term difficulties caused if the country leaves the EU without a trade deal.
Source: Daily Mail
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