UK firms have borrowed more than £60 billion via COVID support schemes, according to the finance ministry.
After being criticised by three MPs recently about not being transparent with government contracts given to British companies during the Covid pandemic, the announcement will come as a step in the right direction.
Although these were not government contracts, the figure of more than £60 billion that has been borrowed by UK firms is part of government-backed Covid financial support programs.
This figure was announced this morning, Thursday, October 22, and was from the start of this week, showing sums lent by the three main loan schemes, backed by the UK government, are up from £57.3 billion a month previously.
Thank you for taking the time to read this news article “More than £60 billion borrowed by UK firms via Covid support schemes”. For more UK daily news, Spanish daily news and Global news stories, visit the Euro Weekly News home page.
Euro Weekly News is delighted to continue be able to bring you a range of News from around Spain in English and Global News live as it happens.
Euro Weekly News doesn’t cost you anything but your internet connection. Whether it’s bringing you the local Spanish news or the International news today, we’ve got you covered!
Euro Weekly News, the leading free local and national newspaper in Spain, the people’s paper, we lead others follow!