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Banks dealt coronavirus slapdown as government warns against 'unacceptable' loan rules
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mirror.co.ukBanks have been warned that it is 'completely unacceptable' to fail to lend to businesses hit by coronavirus. Business Secretary Alok Sharma warned financial institutions that they must pass on government backed loans to small companies. "Just as the taxpayer stepped in to help the banks we will work with the banks to repay that favour and support businesses," he said. "It would be completely unacceptable if any banks were unfairly refusing funds to good businesses in financial difficulty. "Just as the taxpayer stepped in to help the banks back in 2008, we will work with the banks to do everything they can to repay that favour and support businesses and people of the UK in their time of need.” The Business Secretary also took a moment to
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