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Defaults on bounce back loans could cost Treasury £27bn

The Bounce Back Loans Scheme (BBLS) allowed eligible claimants to borrow between £2,000 and £50,000 to help them through the pandemic but research by Business Rescue Expert warns that default costs could soar.

Defaults on bounce back loans could cost Treasury £27bn
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  • Shared by Accountancy Daily
  • April 22, 2021
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The total lent out from the bounce back scheme was £46.53bn and was taken up by over 1,500,000 qualifying claimants.

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