Sunak offers 100% state-backed loans to smallest firms

LONDON (Reuters) - British finance minister Rishi Sunak said on Monday that the government would provide 100% guarantees on loans to Britain’s smallest businesses in the latest move to shield the economy and workers from the coronavirus shutdown.Sunak, who has faced criticism for slow progress in getting government-backed credit to companies and had previously opposed 100% state guarantees, said the government would pay the interest on loans of up to 50,000 pounds ($62,010.00) on behalf of..