Government credit top-up scheme is a “death warrant”
Electronics giant Sony UK’s managing director Steve Dowdle has said the UK government's credit insurance scheme "effectively signed the death warrant" for many retailers, the BBC reported.
Mr Dowdle said the £1m limit on the plan meant that retailers with 10 to 15 stores would not get help.
He also criticised the decision to offer cover for only 8 months, and then only to businesses who have had their insurance cover reduced after 1 April.
"This smacks of shutting the door after the horse has bolted, as so many businesses had their cover withdrawn before that date," Mr Dowdle said.
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