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Labour to offer loans to help small businesses switch to electric vehicles

Labour will introduce 2.5 million interest-free loans to help small businesses, sole traders and low-income households to buy electric cars. 

  • Shared by Small Business
  • September 24, 2019
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Speaking on the BBC Today programme, shadow chancellor John McDonnell said the loans of up to £35,000 would cover the £1,500 cost of interest on a loan, with individuals saving up to £5,000 over time. 

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