Financial Times FT.com

£10bn loan guarantee scheme hit by delays

By Jean Eaglesham, Chief Political Correspondent

Published: March 1 2009 23:32 | Last updated: March 1 2009 23:32

The government’s flagship £10bn business lending guarantee scheme, due to come into force on Monday, is weeks behind schedule.

The delay will fuel business and union concerns about the pace of government measures to combat the recession.

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