“Loan scheme failure means fifth of our members are close to collapse,” FTA tells government

Continuing delays in the Coronavirus Business Interruption Loan Scheme (CBILS) means operators are now on a cliff edge of financial ruin, the FTA has warned. It accused the Chancellor Rishi Sunak of not doing enough to help logistics firms, five weeks after he promised to take “all action necessary” to make sure government backed loans were benefitting businesses. David Wells, FTA chief executive said holes in companies’ cash flow were now emerging, caused by a lack of billable work from […]