Banks propose ‘student loans style’ scheme to avert job losses
Image copyright NurPhoto
UK banks fear that up to 800,000 businesses could go bust in the next year if they are unable to defer repayments on government-backed loans.
The lending industry is proposing a student loans-type scheme, where coronavirus loans can be converted into a tax debt repayable over a decade.
Like student loans, the money would only be repayable when and if the businesses…
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