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Government extends loan guarantee scheme to cover bigger firms

Banks offering loans will work through weekend so that scheme is ready for Monday

The government has sought to allay growing fears about the impact of a protracted Covid-19 lockdown on the economy by announcing that its loan guarantee scheme will be open to mid-sized firms that were in danger of being left out.

On the day that the foreign secretary, Dominic Raab, confirmed that the quarantining period would last for at least a further three weeks, the Treasury said it was taking steps to help businesses with annual turnovers of more than £45m – which are stuck in what has become known as the “squeezed middle”.

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from The Guardian https://ift.tt/2Vz4G2P

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