Chancellor Rishi Sunak answering questions during coronavirus daily press briefing

The Chancellor addresses a question about small businesses struggling to access loans. He explains that while he is not convinced that a 100% government guarantee is the right approach, the UK has implemented significant support measures, including cash grants, business rate cuts, and a furlough scheme. He compares these efforts to those of other countries, noting that the UK's approach is more comprehensive. The Chancellor also highlights progress in loan delivery, with 12,000 loans issued to small businesses, and discusses efforts to streamline the process.

What is the Chancellor's position on moving to a 100% loan guarantee for small businesses?

• He has already implemented it.

• He believes it should be implemented immediately.

• He is not convinced it's the right approach.

• He is fully supportive of it.

Which of the following is NOT mentioned as a form of support provided to businesses?

• Furlough scheme

• Free marketing services

• Business rate cuts

• Direct cash grants

How does the Chancellor view the scope and scale of the UK's business support compared to other countries?

• Less significant

• More significant

• About the same

• Not comparable

What is the acceptance rate for loan applications according to the latest data?

• 60 to 70%

• 90 to 100%

• 80 to 90%

• 50 to 60%

What is the Chancellor doing to ensure that credit reaches businesses in need?

• Reducing interest rates

• Streamlining the application process

• Eliminating all bureaucracy

• Increasing loan amounts