UK Budget: SMEs might crumple under debt, warns Treasury Committee MP

By Mike Turner
03 Mar 2021

UK small and medium sized enterprises are at risk of collapsing under their coronavirus pandemic debt burdens, warned a member of an influential cross-party parliamentary committee in the wake of Wednesday's budget announcement.

UK chancellor of the exchequer Rishi Sunak announced a raft of measures his  budget speech, including the creation of a new £12bn infrastructure bank to be based in Leeds, a sovereign green bond, and the use of tax-friendly freeports across England.

But within moments of Sunak’s announcement, Mel Stride, ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial