Covid-19 /
Treasury & Capital Markets /
Europe
Are greedy lenders profiteering from UK government coronavirus loan scheme?
Lenders are reported to be doing whatever they can to exploit the scheme to their own ends
Keith Mullin
31 Mar 2020
THE global economy is heading into a depression. The hastily cobbled together fiscal and monetary packages announced the world over to soften the economic impacts of coronavirus containment look impressive in their depth and breadth. But as ever in government schemes to aid the small business sector, the backbone of most economies, the devil is in the detail.