Rishi Sunak to extend emergency Covid-19 business loan schemes

Extension of four state-backed programmes comes as fears grow about impact of second wave

The government hopes to allay growing concerns over the economic fallout from a second wave in coronavirus infections by extending its emergency Covid-19 loan scheme for businesses.

The chancellor, Rishi Sunak, is expected to announce the extension of four state-backed lending programmes until the end of November, in a move to give struggling firms more time to apply for support as the number of new cases rapidly climbs.

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