Quote Originally Posted by A Quiet Monkfish View Post
The Chancellor et al are quoting figures that suggest the economy is bouncing back more quickly than originally anticipated. What he no doubt knows but doesn't broadcast, is the knock on effect that hasn't even been factored in to the figures and which hasn't begun : car loans, mortgages, business rents, rates, plus all those businesses waiting to lay off staff in Sept/Oct. They talk about a 'second wave' of CV19 - there's going to be a second wave of economic despair, I fear..
Definitely. I have a Funding Circle account, and whilst a few companies have paid off their loans in full during this, roughly half (just under) have not been making repayments since March. These include businesses, like a meat processing firm, who have probably not been told to cease production during the pandemic. Some of these companies are not contactable at present, and a few have had new loan arrangements that they cannot or are not adhering to. A handful of companies have repaid their loan in full.