UK Treasury, British Business Bank reviewing access to state-backed loan schemes - Telegraph

FILE PHOTO: Chancellor of the Exchequer Rishi Sunak is seen as he arrives at Downing Street, following the outbreak of the coronavirus disease , London, Britain, May 13, 2020. REUTERS/John Sibley

The Treasury is considering ways of making it easier for businesses to access coronavirus support loans - ahead of expected measures from British finance minister Rishi Sunak, the newspaper said. A Treasury spokesman confirmed to the newspaper that officials “are considering the implications of this amendment for the loan schemes” and that the change by the EC was “an important step in ensuring all viable businesses receive the help they need.”citing Treasury sources, said it was likely that UK firms rejected for emergency help under the EU's financial difficulty tests could reapply if the loan schemes were altered.

Loans backed by a state with a lower credit rating than the company that needs the loan... Is that support?

Welfare for Billionaire Banker's, the tab for working people and small business. Capitalism Enjoy

The entire uk banking system it’s a ponzi scheme.....

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Banks urge Britain and EU to sort out financial market accessBritain and the European Union need to make progress on EU financial market access given that the coronavirus crisis will make it even harder to cope with potential disruption if there is no agreement, banking lobby AFME said on Monday. Europarl_EN Don't give the access. The EU will only grant temporary equivalence on sectors that suit the EU. That is it. The City will have to move large parts to the EU if it wants access to the EU market. Including capital and management.
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