Banks must “play their part” to help businesses during coronavirus outbreak

Shadow Business Minister Bill Esterson has called for banks that were bailed out by the taxpayer to “play their part” in supporting businesses through the coronavirus pandemic. At Prime Minister’s Questions in the House of Commons last Wednesday, the MP for Sefton Central said businesses were telling him that banks were shoring up their balance sheets ahead of an expected economic downturn, at the expense of the businesses who as customers the banks should be there to support. Following the announcement in Parliament that statutory sick pay would be paid from day one to anyone diagnosed with the coronavirus, and … Continue reading Banks must “play their part” to help businesses during coronavirus outbreak