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UK to extend length of COVID bounceback loans from six to 10 years

Britain's Chancellor of the Exchequer Rishi Sunak, Frances O'Grady, General Secretary of the British Trades Union Congress (TUC) and Dame Carolyn Fairbairn are seen at Downing Street amid the coronavirus disease (COVID-19) outbreak in London, Britain September 24, 2020. REUTERS/John Sibley

LONDON (Reuters) - Britain will extend the length of bounceback loans for businesses, introduced to mitigate the impact of the COVID-19 pandemic, from six years to 10 years, finance minister Rishi Sunak said on Thursday.

Reporting by David Milliken; writing by Costas Pitas; editing by Sarah Young

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