Chancellor Rishi Sunak answering questions during coronavirus daily press briefing

The Chancellor addresses a question about small businesses struggling to access loans. He explains that while he is not convinced that a 100% government guarantee is the right approach, the UK has implemented significant support measures, including cash grants, business rate cuts, and a furlough scheme. He compares these efforts to those of other countries, noting that the UK's approach is more comprehensive. The Chancellor also highlights progress in loan delivery, with 12,000 loans issued to small businesses, and discusses efforts to streamline the process.

What challenges are small businesses facing in accessing loans?

What measures has the government taken to support businesses during this period?

How does the UK's approach to loan guarantees compare to other countries?

What is the current status of loan applications and acceptance rates for small businesses?

What operational changes are being considered to improve the loan delivery process?