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New scheme aims to shore up small and medium-sized businesses
Nine To Noon
English - March 24, 2020 21:16 - 9 minutes - 9.1 MB - ★★★★★ - 8 ratingsNews Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Food purchases up - can anything stop people panic buying?
Next Episode: House buyers and sellers in limbo during lockdown
The Government and the banks will implement a $6.25 billion Business Finance Guarantee Scheme for small and medium-sized businesses, to protect jobs and support the economy. It will provide short-term credit to cushion the financial distress on solvent small and medium-sized firms affected by the COVID-19 crisis.Finance Minister Grant Robertson says retail banks have agreed a six month mortgage repayment holiday to households whose income has been affected by Covid-19. Kiwibank Chief Economist Jarrod Kerr joins Kathryn to discuss.