Comments on: Banks could net £26bn from businesses relying on bounce back loan scheme

By: Bounce Back Loan contributes to Financial Ombudsman complaints rising 20% - UK Investor Magazine

Mon, 09 Nov 2020 16:42:10 +0000

[…] The Financial Ombudsman said that it had seen a ‘significant’ increase in complaints about travel insurance, business protection insurance and complaints from SMEs relating to the government’s business interruption and bounce back loan schemes. […]

By: With business borrowing up over 500%, is extending loan schemes the right move? - UK Investor Magazine

Mon, 02 Nov 2020 23:45:18 +0000

[…] by analysts from non-profit research group, Positive Money. The organisation states that between lenders making up to £26 billion during the lifespan of the bounce back loan scheme, and SMEs being forced to take on more debt in order to survive, the entire exercise of […]

By: Changing Finance: new this month - The Finance Innovation Lab

Changing Finance: new this month - The Finance Innovation Lab — Wed, 28 Oct 2020 10:36:49 +0000

[…] COVID-19 has exposed rifts between what we value and what is financially remunerated, with low pay for key workers being a classic example. Meanwhile senior bankers and hedge fund managers are – like key workers – to be exempt from COVID-19 quarantine rules. Banks consider debt collectors for failing bounce back loans, while possibly netting £26 billion from the scheme. […]

By: Sunak scheme sees FTSE bounce from five-month low - UK Investor Magazine

Sunak scheme sees FTSE bounce from five-month low - UK Investor Magazine — Thu, 22 Oct 2020 18:26:37 +0000

[…] of vaccine-related optimism in a long time, and Chancellor Rishi Sunak’s new assortment of support scheme patch-ups, the FTSE recovered from its five-month low, when it hit 5,726 points during the […]