Six in ten car dealers want prolonged support with grants and loans from Government. New research from Close Brothers Motor Finance reveals the priorities across the motor industry as they call for further Government support in light of Covid-19. The sector has been hit particularly hard by the UK lockdown, with new car sales plunging 97% year-on-year in April and recovery set to be a difficult … [Read more...]
Banks tardiness threatens coronavirus recovery
The Government must make lenders move faster to access the special loan scheme or businesses will fail, says the FTA. On 2 April, Chancellor Rishi Sunak MP announced changes to the government’s Corona Business Interruption Loan Scheme, vowing to take “all action necessary” to make sure government backed loans were benefitting businesses as planned. But only a month later, FTA, the business … [Read more...]
