Helping private equity is necessary Covid-19 evil

The UK government may offer loans to some highly leveraged companies that are owned by buyout barons. Helping private equity is necessary Covid-19 evil, edwardhadas argues:

The UK’s Department for Business, Energy and Industrial Strategy is trying to find a way to offer state-backed loans to some companies owned by private equity investors, the Financial Times reported on Aug.

16. The goal is to protect some large employers, particularly in the hospitality and leisure industries without breaking European Union state aid rules, the FT said citing people involved in the process.

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