Todays News

Please sit back and have a good look through this section of the website as it lists, in order, starting with the most recent then working backwards, each and every news story and article related to Bounce Back Loans that has been loaded up onto the website

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Press Release – HMRC Gives Self Assessment Taxpayers More Time to Ease COVID-19 Pressures

January 6, 2022

Late filing and late payment penalties are to be waived […]

Business Owner Faced a Five Month Delay Opening an Account with HSBC Due to Staff Being Deployed Processing Bounce Back Loans – Ombudsman Thinks the £200 Already Offered Is Fair Compensation

January 6, 2022

I recall many people being sent out cheques by HSBC for delays and/or problems experienced by customers during the time Bounce Back Loans were available with that bank, and people often got sent them out of the blue, such as the one shown […]

Insolvency Service Slaps a Company Director with a 9 Year Disqualification for Applying for and Getting a Bounce Back Loan When His Business Seemingly Was NOT Adversely Affected During the Pandemic

January 5, 2022

Having seen plenty of Insolvency cases that ended up with a Company Director being hit with a disqualification for wrongdoing associated with a Bounce Back Loan, today’s case is unusual in as much as it is the first time I have seen a disqualification handed out to a Director applying for and getting a BBL when his business was NOT adversely affected during the pandemic. […]

Here Is My Reply to HM Treasury Demanding a Face-to-Face Meeting To Expose the Loophole BBL Lenders are Using to Scam Their Way to the Government Guarantee on Bounce Back Loans to the Detriment of BBL Borrowers and Taxpayers

January 4, 2022

Dear HM Treasury

Many thanks for your letter dated the 29th of December 2021, and your second apology. […]

Yet Another Santander £50k Bounce Back Loan Now Heading for the Government Guarantee as Another Company Director is Hit With a 6 Year Disqualification for Failing to Provide and Maintain and/or Preserve Adequate Account Records

January 3, 2022

Most banks are now well versed with the procedure for calling upon the Government Guarantee for a Bounce Back Loan when a LTD Company Director has taken the Insolvency route, as plenty of BBL’s have turned sour. Today’s case involves a £50k Santander BBL and a 6 year disqualification handed out by the Insolvency Service. […]