Pandemic could rip 105 billion pound hole in small company finances

LONDON (Reuters) - Britain's smaller companies could be saddled with up to 105 billion pounds ($129 billion) in "unsustainable" debt by March next year that will need recapitalising, a financial services body told the Bank of England on Monday.TheCityUK, which promotes Britain's financial services sector, said in a letter to BoE Governor Andrew Bailey that businesses will require full-scale recapitalisation to alleviate the hit to employment from the pandemic, which is set to trigger the UK's..