The fallout from the government’s emergency measures to combat Covid-19 continues. Given the advent of a second wave of the virus, the ramifications of the financial measures to deal with the first wave seems like small beer. And it is. But have a little drink on us anyway – here’s a report from City A.M.: […]
There’s an old political adage about never wasting a good crisis. The UK government’s prompt, if unfocused, action to shore up SMEs with Bounce-Back Loans has proved to be an opportunity for the unscrupulous (who’ve been making the most of the Covid-19 crisis in a nasty way). Our friends at City A.M. report comment to […]
Challenger bank OakNorth has claimed a lot of government cash. As regular readers will be aware, our concerns centre on the execution – getting the capital to the SMEs that need it. For now, we’ll comment no further. AltFi carries the tale: OakNorth has been allocated a new tranche of cash to lend to cash-strapped firms […]