Loan scheme to help businesses navigate no-deal
Treasury officials are planning state-backed guarantees to support lending to SMEs, including motorsport businesses, with the FT saying access to the initiative is expected to be much more stringent than to the bounce back loan scheme. The Mail reports that companies hit by disruption in the event of a no-deal Brexit will be invited to take advantage of Government-backed loans and the furlough scheme. It adds that ministers are also looking at the possibility of bailouts for industries hardest hit in the longer term by a no-deal Brexit.