UK to extend length of Covid bounceback loans from six to 10 years

Reuters

24 September, 2020, 07:10 pm

Last modified: 24 September, 2020, 07:13 pm

UK to extend length of Covid bounceback loans from six to 10 years

Reuters

24 September, 2020, 07:10 pm

Last modified: 24 September, 2020, 07:13 pm

Photo: Precondo.ca via Pixabay

Photo: Precondo.ca via Pixabay

Britain will extend the length of bounceback loans for businesses, introduced to mitigate the impact of the Covid-19 pandemic, from six years to 10 years, finance minister Rishi Sunak said on Thursday.

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