The chancellor of the exchequer, Rishi Sunak (pictured), has announced full state guarantees on lending to Britain’s smallest businesses. Minister Sunak, who previously opposed 100% government backing for emergency credit for small firms, said the government would fully stand behind commercial loans of up to £50,000 to businesses. Banks handling the loans will not be required to run credit checks or assess the long-term viability of applicants. Firms will have no interes...