BBB blamed for delays

Posted on 17 Jun 2015
Share Blog Post
BBB blamed for delays to small business loans The British Business Bank (BBB) has come under fire from high street banks which say the Treasury-appointed body responsible for overseeing the coronavirus loans scheme is applying over-complex rules for loans, leading to a logjam. Banks have to book loans with the BBB but they say the process is too detailed and should be simplified with the business bank given audit rights to assess the loans once they’re paid out. Separately, Staff at Lloyds bank have told trade union BTU that they are putting in 18-hour days in an effort to deal with demand from small business owners desperately trying to save their enterprises.

View more blog posts

Interest rate strategy
Posted on 27 Feb 2024
Interest rate strategy
read more
Tax investigations reduced
Posted on 26 Feb 2024
Tax investigations reduced
read more
High taxes hurt
Posted on 23 Feb 2024
High taxes hurt
read more
High banking charges hurt
Posted on 22 Feb 2024
High banking charges hurt
read more
Back To Top
01604 660661