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UK financial firms renew push to persuade reluctant officials to help debt-laden SMEs

By Fiona Maxwell ( September 1, 2020, 16:21 GMT | Insight) -- The UK financial-services industry appears unwilling to give up trying to convince the government to act on the risk of Covid-19 state-backed loans to businesses worth 35 billion pounds becoming unsustainable early next year. The government is "grappling" with the notion of a Covid-19 debt crisis after a report from industry representatives, according to one of the group's lead members.The UK financial-services industry appears unwilling to give up trying to convince the government to fund a solution to revive the many businesses on the edge of collapse due to the economic meltdown brought on by the Covid-19 lockdown....

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