Sector Regulation Sector Regulation

UK businesses' Covid loans a looming crisis that government must address, SME lobby says

By Fiona Maxwell
  • 09 Dec 2020 11:15
  • 24 Feb 2021 04:56
Businesses defaulting on bank loans taken out to weather Covid-19 represent a looming crisis that the UK government must acknowledge soon, the Federation of Small Businesses lobby group told lawmakers today.
Vice Chairman Martin McTague warned of widespread defaults by businesses that received state-backed loans to survive the economic downturn,

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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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