Banks best placed to chase coronavirus loans, says Treasury

The Treasury has said banks should be responsible for chasing up and restructuring loans made to struggling businesses during the pandemic, despite City lenders calling for government help in dealing with the issue. With analysis suggesting that around £35bn of lending could become unsustainable, lobby group The City UK and EY had called on ministers to offer support, saying a ‘UK Recovery Corporation’ could turn risky debts into more manageable forms like tax liabilities. Responding to a Treasury Committee report highlighting the issue, the Treasury said: “We remain of the view that accredited lenders, not the government, are best placed to support borrowers [to] repay government-guaranteed loans.”

Read more: City AM

Opening Time
Monday – Friday 9:00am - 5:00pm
Saturday – Closed
Sunday – Closed
Call Us - 020 3086 8030 
  • Sardison Capital
  • Sardison Capital
  • Twitter
  • YouTube
  • Sardison Capital

2021 All Rights Reserved. Sardison Capital is the trading style of Sardison Group Ltd.

We help businesses access business and property finance providers. Applicants must be aged 18 and over, T&C’s apply. All finance and quotes are subject to status and satisfying the funders criteria. Guarantees and Indemnities may be required. Sardison Capital can introduce applicants to a number of funding providers based on the applicants' circumstances and creditworthiness.  Sardison Capital is a Credit Broker sourcing from the whole of the market, not a Lender. 

© Copyright 2021 by Sardison Capital.

Website Designed by AVETON Design