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Britain to guarantee loans to small firms

Britain to guarantee loans to small firms

The British government says it is introducing measures to help small- and medium-sized businesses get access to credit.
Businesses have complained they have been hit by a freeze on lending by banks.
Business Secretary Peter Mandelson said Wednesday the government would guarantee up to $20 billion in bank loans to businesses that have been deemed viable by banks.


Updated : 2020-12-01 23:59 GMT+08:00