Sector Regulation Sector Regulation

UK banks offered new government guarantees for Covid loans to companies, homebuyers

By Fiona Maxwell
  • 03 Mar 2021 08:23
  • 03 Mar 2021 08:23
UK banks will get state backing for Covid loans offered to businesses and would-be homeowners, finance minister Rishi Sunak said in the country’s budget today.

The measures, in response to the pandemic-related economic downturn, extend a government guarantee on Covid loans to a new lending program for business borrowing and mortga

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Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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