The fraudulent loans taken out during the pandemic are due to be written off by the UK Govt. However, the legitimate bounce back loans taken out by businesses, which many are now struggling to pay back but are doing so, will stand. This is grossly unfair! All loans taken out during the pandemic for survival and through no fault of businesses, should be written off. This is an action that should apply to the whole of the UK.

Businesses struggling to pay off these loans now risk the threat of insolvency and/or closure, leading to further hardship.