Business & Finance

Reuters exclusively reports UK’s Tide breaks ranks on crisis loan payment deferrals

Reuters exclusively reported that British business lender Tide said it would not provide payment deferrals for small firms that took out state-supported loans during the COVID-19 pandemic. Tide’s decision not to offer PAYG is an early indication of how lenders are making difficult choices between their own commercial interests and those of small businesses, as unprecedented levels of support for such firms are withdrawn.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & FinanceEquities
Regions: Europe
Countries: England
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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