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Coronavirus Business Interruption Loan Scheme - Question

Part of the debate – in the House of Lords at 11:24 am on 12th May 2020.

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Photo of Lord Callanan Lord Callanan Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy) 11:24 am, 12th May 2020

I can tell my noble friend that many bounce-back loans are being approved within a day. We are getting the money out to companies as quickly as possible. I am sure she will understand that I do not want to give out information in advance of what the Chancellor might say in Parliament this afternoon.