It was announced earlier this week that the government plan to offer Bounce Back loans of between £2,000 and £50,000 to micro businesses as a result of ongoing coronavirus fears amongst owners. The loan will be interest and fee-free for the first 12 months and can be taken out over a period of up to…
https://www.fca.org.uk/news/press-releases/fca-proposes-temporary-financial-relief-customers-impacted-coronavirus The Financial Conduct Authority (FCA) has today proposed a range of targeted temporary measures designed as a stop-gap to quickly support users of certain consumer credit products who are facing a financial impact because of the exceptional circumstances arising from coronavirus. This package is intended to complement measures already announced by the government…