Government Financial Support

March 26th, 2021 | Posted by: pete | No Comments

So HM government has published the value of support they have given to UK Businesses.

Bounce Back Loans £46.53bn

CBILS £23.28bn

CLBILS £5.3bn

CCFF £104bn

With the Bank of England forecasting that 60% of BBL’s are likely to go toxic that means £27.92bn is never likely to be repaid. If only the Chancellor had used some of this to support the #ForgottenLtd #ExcludedUK then maybe these companies would not be facing the risk of their companies disappearing

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