Sector Regulation Sector Regulation

UK finance industry calls for new state-funded body to recapitalize debt-laden SMEs

By Fiona Maxwell
  • 15 Jul 2020 18:31
  • 15 Jul 2020 12:56

The UK finance industry has called for a government-led body to be set up to help businesses saddled with debt due to Covid-19, reiterating its warning that urgent action is needed to avoid widespread insolvencies.

This new UK Recovery Corporation would issue, hold and manage the government-backed unsustainable debt held by

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