State-backed loan schemes deliver £15bn to UK businesses
by Richard Partington from Economics | The Guardian on (#53CEV)
Chancellor says 304,000 firms had benefited in sharp increase in lending during pandemic
British businesses have so far received almost 15bn of emergency financial aid through government-backed rescue loans, according to official figures.
Signalling a sharp increase in lending to firms during the pandemic, Rishi Sunak, the chancellor, said that more than 304,000 companies have benefited from two separate government-backed loan schemes.
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