The SBC scheme was intended to help small and medium-sized businesses affected by the Covid-19 pandemic. From June, Inland Revenue will default a loan if it was not paid off, and default interest would be charged. “More than 129,000 businesses were issued loans totalling $2.4 billion. The average amount approved was $17,000.” AdvertisementAdvertise with NZME.
Washington faces a budget battle to raise the debt ceiling and avoid default. The Treasury is using extraordinary measures to maintain payments, with funds depleting rapidly. But Treasurys with maturities nearing the date when the cash runs out are trading cheaply. It’s that time again when Washington braces itself to go to battle over the
“It’s really the first step. It always takes a little while, in my experience, for these things to drift through and be meaningful for people with housing interest loans and the like, but it is a mandatory first step.” Retail NZ chief executive Carolyn Young said the decision was an early Christmas present for the