Business leaders have written to banks urging them to deliver financial support to help firms through the current crisis.
The British Chambers of Commerce (BCC) said the country was facing an “unprecedented moment” in its economic history.
The letter said: “It is no exaggeration to say that the decisions taken over the coming days at great pace – by governments, by banks, and by companies of all sizes – will shape the UK economy for decades to come.
“We would like to ask you, as leaders of the UK’s top financial institutions, to rise to this challenge and demonstrate the depth of your shared commitment to supporting SMEs (small and medium sized enterprises) in the real economy through the swift implementation of the Coronavirus Business Interruption Loan Scheme (CBILS).”
The letter, signed by BCC president Baroness Ruby McGregor-Smith and director general Dr Adam Marshall, calls for a number of measures, including public statements on commitment to implementing CBILS, and weekly meetings with business groups to review progress.
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