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24 April 2020updated 06 Oct 2020 9:45am

Treasury considering 100 per cent guarantees on small business loans, report says

By Samuel Horti

The government could offer full guarantees on loans to “micro-SMEs” struggling to stay afloat, the Financial Times reports

Chancellor Rishi Sunak, who was initially wary of the plan, is considering guaranteeing loans of up to £25,000 after pressure from both Conservative MPs and the Bank of England.

The loans would be targeted at as many as one million small companies.

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