Treasury mulls plan to set up coronavirus toxic debt body to save UK small businesses

The Guardian | Kalyeena Makortoff  | Jul 16, 2020 City calls for state-owned recovery corporation to handle £35bn of unsustainable government-backed debt The Treasury is reviewing a “radical” proposal for a new state-owned body that would manage £35bn of toxic coronavirus debt and help save up to 780,000 British businesses. A City taskforce, the Recapitalisation