UK banks banned from requesting personal guarantees for loans
(The Guardian Money News)

Rishi Sunak says lenders must `do their part´ to aid small businesses during Covid-19 crisisThe chancellor, Rishi Sunak, has banned banks from requesting personal guarantees for emergency loans to small businesses amid growing government concern that lenders have been slow in meeting demands for help.With the rapid increase in the number of universal credit claims suggesting many small companies have already collapsed since the economy was locked down, Sunak combined a new package of support for business with a warning to banks that they had to move more quickly. Continue reading...