Covid-19: Support for Businesses

Part of Treasury – in the House of Commons on 27th April 2021.

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Photo of Kevin Hollinrake Kevin Hollinrake Conservative, Thirsk and Malton

Warren Buffett once said:

“What we learn from history is that people don’t learn from history.”

With a 50% rise in the number of companies in significant financial distress, to prevent repeating the historical mistakes of post the last financial crisis, inflicting all that scandalous treatment on SMEs, will my hon. Friend consider working with the banks to extend the very fair and sensible provisions of the pay as you grow scheme and bounce bank loans, and also transfer that into CBILS—coronavirus business interruption loan scheme—loans?