Call for protection on Covid loan debts as the bounce-back payback begins
TheGuardian
MAY 29, 2021
MPs fear that, without regulation, pressure on banks to recover cash could lead to a run of bankruptcies More than 1.5 million small businesses across the UK are gearing up to return some £47bn in government-backed Covid credit from this week, as the first tranche of bounce-back loans fall due. Lenders have pledged to treat customers fairly, while doing their best to avoid triggering government guarantees that could cost the taxpayer billions of pounds.
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