What will happen to all the debt? City lobby group proposes options for converting, restructuring and repaying corporate coronavirus debt under a new ‘UK Recovery Corporation’

More than £46 billion has been lent or approved since March 2020 under the three loan schemes backed by the UK government – the Coronavirus Business Interruption Loan Scheme, the Coronavirus Large Business Interruption Loan Scheme, and the Bounce Back Loan Scheme – and more than £30 billion of VAT has been deferred by the government.

Filed under:
United Kingdom, Banking, Insolvency & Restructuring, Tax, Osborne Clarke, Coronavirus, HM Revenue and Customs (UK)
Authors:
Nick Thody
Location:
United Kingdom
Firm:
Osborne Clarke