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MPs repeat demand for daily updates from banks on Covid-19 loan scheme

Treasury chair Mel Stride refuses to take no for an answer, despite UK Finance's concern that more frequent data would not be as reliable

Mel Stride, the chair of parliament’s Treasury Committee, has insisted that banking lobby group UK Finance share daily data on banks’ lending under the coronavirus business interruption schemes put in place by the government during the pandemic — after the industry group declined his initial request.

The move by Stride is the latest in the Conservative MP’s attempt to press banks on the scheme’s slow rollout. It forms part of the Treasury Committee’s ongoing inquiry into the economic impact of Covid-19 in the UK.

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