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FSB joint report urges rethink on firms' bounce-back loans


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The Federation of Small Businesses (FSB) is one of the partners behind a new report which recommends offering struggling companies the option to convert state-backed loans into employee ownership trusts (EOTs).
FSB and Ownership at Work (OaW), Ownership at Work, a charitable independent think tank that aims to raise understanding and awareness of the impact of employee ownership, say it will protect livelihoods and spur productivity
According to the Office for Budget Responsibility, 40% of Covid-19 bounce-back loan borrowers may default. ....

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