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.
Content from our partners
Subscribe to the New Statesman this summer - 2 months for only £2
Related
Join the debate
Subscribe here to comment