Economic downturn could increase number of companies unable to repay loans including ‘bounceback loan scheme’The UK government-backed British Business Bank has warned that the worsening economy could increase the number of companies unable to repay its loans, including coronavirus pandemic support.The BBB said in its annual report on Wednesday that “should an economic downturn occur, there would likely be an increase in defaults on loans” given under Covid crisis loan schemes. Continue reading...
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