Sunak to extend business support loans as Covid-19 spread worsens

Rishi Sunak is to extend the Treasury’s UK-wide programme of business support loans as ministers race to cushion the economy from what England’s chief medical officer will on Monday call “a very challenging winter”.

Mr Sunak is this week expected to unveil plans to extend four loan schemes, which have already backed £53bn in lending to companies through government guarantees, in a sign that new national support measures are needed to avert widespread business collapses and mass job losses.

1pm plc (LON:OPM), established in 2006 is an independent provider of finance facilities to the SME sector. The 1pm plc group offer a full range of business finance solutions to the UK market from asset finance, hire purchase, commercial loans through to invoice finance and factoring.

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