The government and the Bank of England are using a new scheme – the Covid Corporate Financing Facility (CCFF) – to bail out the UK’s largest corporations with no strings attached. As of 24th June, a select list of 63 companies, including some of the country’s biggest polluters, held a total of £18 billion in cheap CCFF loans. Positive Money’s new report published today outlines exactly what the CCFF is, why it’s a problem, and most importantly – how it can be improved.

Our new report “The Covid Corporate Financing Facility: Where are the conditions for the billion £ bailouts”, which digs into the details of the Bank of England’s bailout scheme, is making headlines in the media. Alongside our YouGov poll revealing 63% of British adults think large corporations should only be given financial support if they agree to certain environmental and social conditions,…

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