Influential Treasury Committee chairman Mel Stride urged UK banks to cooperate with government requests on their progress on the government’s coronavirus loan schemes to businesses affected by the Covid-19 pandemic.

The 22 April request comes after Stride set out his expectation earlier this week of daily and weekly updates about delivery from finance lobby group UK Finance and the government’s British Business Bank. He wants to see detail on three schemes set up to provide loans to SMEs, large businesses and startups as they weather the disruption caused by the nationwide lockdown.