Regional lockdowns spark second wave credit crunch fears

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By Mike Turner
01 Jul 2020

Local lockdowns in the UK in response to spikes in coronavirus cases have some loans bankers looking at their loan portfolios with rising concern that a widespread second wave could lead to a credit crunch for certain borrowers.

Leicester has had to enforce a local lockdown, with non-essential shops and schools for most pupils shut, after the East Midlands city suffered 10% of all positive cases in the UK over the last week, according to government figures. 

There have already been regional lockdowns elsewhere in Europe — notably ...

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