What challenges are businesses facing regarding cash flow during the crisis?
U.K. Jobless Claims Start Amid Virus Outbreak
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Business, Social Studies
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Hard
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The transcript discusses the UK's economic response to the COVID-19 pandemic, focusing on unemployment predictions and the job retention scheme. It highlights the collaboration between the Treasury and the Bank of England, and the challenges faced by businesses in accessing loans. The discussion also covers the potential impact of 100% loan guarantees and the need for faster loan processing to support businesses during the crisis.
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What suggestions were made to improve the speed of loan processing for businesses?
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