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

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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, ...

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