Government extends loan guarantee scheme to cover bigger firms
by Larry Elliott Economics editor from Economics | The Guardian on (#528RJ)
Banks offering loans will work through weekend so that scheme is ready for Monday
The government has sought to allay growing fears about the impact of a protracted Covid-19 lockdown on the economy by announcing that its loan guarantee scheme will be open to mid-sized firms that were in danger of being left out.
On the day that the foreign secretary, Dominic Raab, confirmed that the quarantining period would last for at least a further three weeks, the Treasury said it was taking steps to help businesses with annual turnovers of more than 45m - which are stuck in what has become known as the "squeezed middle".
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