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Defaults on business covid loans could reach £22bn

October 25, 2021

Almost a third of coronavirus business interruption loan scheme (CBILS) and bounce back loan scheme (BBLS) loans, amounting to £22bn, will go into default, claims ACP Altenburg Advisory The debt advisory specialists state that the initial estimates from the Office for Budget Responsibility (OBR) will be correct and that the defaults will reach £22bn, which…
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Covid support measures come to an end

October 11, 2021

As the furlough scheme, temporary reduced VAT rates, and paused winding up scheme all come to an end, nearly seven in 10 employers expect to make redundancies within the next year. According to a study from Renovo, 69% of employers anticipate job losses, with 46% of organisations expecting to make redundancies within six months, while…
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Defaults on business covid loans could reach £22bn

Covid support measures come to an end

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