Business

Business leaders have welcomed changes to lockdown loans but say more support is needed to keep firms afloat over the coming months. On Friday night, Rishi Sunak announced that small businesses would be given more time to repay bounce-back loans under a “pay-as-you-grow” initiative. The chancellor said he was determined to give firms the “breathing
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Interest-free “buy-now-pay-later” (BNPL) deals face tighter regulation under plans announced by the government. A review published by the Financial Conduct Authority (FCA) found that the currently unregulated use of BNPL products nearly quadrupled to £2.7bn during 2020 and five million people had used them since the start of the pandemic. It concluded that the market
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