Sector Regulation Sector Regulation

'Completely unacceptable' for UK banks to unfairly refuse Covid-19 funds, Sharma says

By Fiona Maxwell
  • 01 Apr 2020 12:27
  • 01 Apr 2020 12:27
If UK banks are unfairly refusing funds to companies facing financial difficulty during the Covid-19 crisis, that would be “completely unacceptable,” Business Secretary Alok Sharma has said.

Sharma said today he “urged” banks to ensure that the benefits of a government-backed loan facility — known as the coronavirus business interruption loan program — are passed through

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