The latest statistics from the Chancellor’s coronavirus business interruption loan scheme paint a bleak picture; of the 300,000 enquiries just 2,022 loans had been made, a paltry 0.65 per cent.
Although Rishi Sunak was lauded at the start of the crisis for his generous rescue schemes many businesses have found that when it comes to applying for support they either do not qualify or the measures don’t go far enough.
In classic hedge fund manager-style the Chancellor has put in place an overly complicated schemes that eliminate risk and allows the government to maintain its ideological position, we revealed yesterday, but we want to go further.
We want to hear from business leaders, owners and anyone else concerned about the measures as we launch a series of investigations putting the spotlight on Sunak’s so-called rescue.
Focussing on the government’s key messages we are calling for contributions on:
WHAT ACTUALLY WORKS?
RESCUE SMALL BUSINESSES
SAVE THE ECONOMY
Please get in touch with firstname.lastname@example.org with your personal experiences, and keep an eye on The London Economic’s business page for the latest developments.
Since you are here
Since you are here, we wanted to ask for your help.
Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.
Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.
If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.
To donate or subscribe to The London Economic, click here.
The TLE shop is also now open, with all profits going to supporting our work.
The shop can be found here.
You can also SUBSCRIBE TO OUR NEWSLETTER .