Banks urged to ramp up lending as just 12,000 small firms get loans
Thousands of firms are finding it near-impossible to access cash under the Government's vital Coronavirus Business Interruption Loans Scheme (CBILS).
Thousands of firms are finding it near-impossible to access cash under the Government's vital Coronavirus Business Interruption Loans Scheme (CBILS).
While 38,186 firms have applied for a Government-backed loan through the Coronavirus Business Interruption Loans Scheme, just 16,624 have been approved by High Street banks.
Treasury officials and the City watchdog expressed concern after it emerged a company is charging £500 upfront, then a percentage of the value of the loan if the application is successful.
Just days after British Airways warned of 12,000 job cuts, business only expect to recover slowly as workers and consumers stay home and social distancing measures are put in place.
The bank, led by chief exec Antonio Horta-Osori (pictured), which is the UK's biggest mortgage provider and one of the largest lenders to small businesses, has handed out just.
Tyson Fury says daily exercise at home has helped to bring his family closer together during the coronavirus lockdown. The Briton has been enjoying workout sessions with his wife and children,
The kits were reportedly produced by Chinese firms Guangzhou Wondfo Biotech and Zhuhai Livzon Diagnostics. Pictured: Wondfo's test, which was recently rejected by the British Government.
DEREK LAWRENSON AT PEBBLE BEACH: Nothing in the record of Gary Woodland suggested he would hold on to win the US Open. He had just two top tens in majors to his name in 30 attempts.
MIKE DICKSON IN NEW YORK: In the long run it may not prove such a bad thing that Coco Gauff was unable to produce a stunning upset of Naomi Osaka.
MIKE DICKSON IN NEW YORK: Defending singles champions perished at the US Open within 24 hours of each other, one departing to a cacophony of booing and the other to supportive cheers.
Naomi Osaka's 10-match US Open winning streak and title defence are done after she was outplayed in the fourth-round by Belinda Bencic in a 7-5, 6-4 defeat.
It won't just be Lloyds Banking Group under the spotlight when it reports its first-quarter results - it will be the whole economy.
The French midfielder joined the north London club last summer in a £65million move from Lyon, but has massively failed to deliver on the overwhelming expectation heaped on his shoulders.
UK Sport has been handed a shock 29 per cent increase in funding, handing a boost to British athletes preparing for the 2016 Olympics in Rio de Janeiro and Tokyo four years later.
George Osborne says household energy bills will fall by an average of £30 by 2017 as a result of reducing green levies, as outlined in his Autumn Statement this afternoon.
Public funding - known as Short Money - given to opposition parties to prepare to become an alternative government is to be slashed by 19 per cent, in line with Whitehall departments.
Former health secretary Stephen Dorrell, who is now chairman of the NHS Confederation, said Philip Hammond (shown) had made a ‘mistake’ by failing to find extra funds in last week’s autumn statement.
IAN WHITTELL AT THE DW STADIUM: The striker hit his fourth goal in as many games, levelling after home keeper Jamie Jones had been penalised for unnecessarily picking up a back pass.
Upon arrival the family were shocked to find the resort had a strong smell of sewage radiating from the nearby tip, swarms of ants in their bedroom, rat traps in every corner and unclean sheets.
With political rows and the on-off threat of a no-deal Brexit, there's no guarantee what could happen to the pound between now and 31 October - or after that date.
MIKE DICKSON IN MELBOURNE: In nine singles matches, and at the tender age of 15, Gauff can claim the unusual distinction of never having been off one of the show courts at a Grand Slam.
MARTIN SAMUEL - CHIEF SPORTS WRITER: What happened to impartiality? Now fans with microphones invade every broadcast and are almost encouraged to act out by their bosses.
MIKE DICKSON IN MELBOURNE: Coco Gauff scored a sensational win over defending champion Osaka at the Australian Open on a day that felt like there was an abrupt changing of the guard.
The north-east club are reportedly on the verge of being sold to a Saudi-backed consortium which involves Crown Prince Mohammed bin Salman for around £300million.
Both bodies have their versions of 'financial fair play' (FFP), with the Premier League limiting owner-subsidised losses to £105million over three years and UEFA limiting three-year losses to £26m.
Even if Newcastle's takeover happens, spending restrictions in place at domestic level in the Premier League and at UEFA level will make it difficult for the club to spend high amounts.
Haseeb Hameed and Joe Root's admirable resistance proved too little too late as England lost the third Test by eight wickets. Here, Sportsmail's Lawrence Booth takes a look at the talking points.
England's first Test with India is on a knife-edge heading into day four at Edgbaston. Here, Sportsmail's LAWRENCE BOOTH takes a look at the major talking points from the day's play.
Hailey Bieber has revealed she's relishing her self-isolation with the Grammy winner, 26, admitting the coronavirus pandemic has allowed the loved-up couple to spend some extra quality time together.
Dr Jane Goodall, 86, told RadioTimes she had 'been in touch' with Prince Harry, 35, since he quit royal duties and moved to Los Angeles with his wife Meghan Markle, 38, and their son Archie.
A small plane confused drivers as it landed on a highway in Quebec City. The pilot managed to safely land the plane and find a empty spot on the road to land without hitting any cars.
The Richmond Tigers defender, 30, who was going through a marriage breakdown, announced he was retiring to focus on his 'family and faith' in December last year.
Heartwarming footage from the documentary shows Cousins' son Bobby, eight, laying on his bed watching his dad - a former legend in the sport - in his prime.
She has spent the past few weeks home schooling her children after education facilities closed in Victoria due to the coronavirus pandemic.
She welcomed her first child, daughter Tullulah, with her AFL star husband Lance 'Buddy' Franklin in February.
At least three people have been arrested in connection with the murder of three aspiring doctors and their driver after they attended a weekend festival in east-central Mexico.
The disturbing incident which unfolded on the main street of Bondi, in Sydney's east, on Wednesday afternoon highlights just how relaxed some people are about COVID-19.
West Brom have signed Poland winger Kamil Grosicki from fellow Sky Bet Championship side Hull on an 18-month contract.
Even if Newcastle's takeover happens, spending restrictions in place at domestic level in the Premier League and at UEFA level will make it difficult for the club to spend high amounts.
The midfielder has been an important part of a Foxes side that before the coronavirus outbreak were sitting third in the Premier League table and heading towards a return to the Champions League.
Nicholas Sandmann had been seeking $275 million in damages from CNN over their coverage of the confrontation he had with activist Nathan Phillips during a field trip to DC in Jan. 2019.
Tara Reade, 56, came forward late last month to accuse Joe Biden of sexually assaulting her in the 1993 when she worked as an aide for the then-senator from Delaware.
O'Neill was installed as Stoke City boss last week but it was confirmed that he will take charge of the final Group C qualifiers against Holland and Germany, as well as a potential play-off.
Candice and David Warner have been enjoying plenty of family time since their return from England following The Ashes series.
An abandoned baby deer (left) has been miraculously pulled from the ashes of the devastating bushfires without injury.
Andie MacDowell cut a stylish figure when she was seen walking her dogs in Los Angeles this Friday. The 62-year-old Four Weddings And A Funeral star modeled a chic straw hat.
Lee Cattermole is on trial at Dutch side VVV-Venlo after ending his long association with Sunderland. Cattermole was at Sunderland for ten years but left the club this summer.
The Duke of Sussex says that Greta Thunberg could outsmart US President Donald Trump, discusses changing mindsets on climate change and the possibility of the activist marrying Prince George.
Nigel Colborn shares his advice for adding a touch of Mediterranean to your garden. The British gardening expert says Mediterranean plants are almost entirely self-maintaining.