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UK COVID lending to businesses tops 50 billion pounds

Banks' lending to businesses under a government-backed COVID-19 loan scheme has exceeded 50 billion pounds, while the cost of supporting furloughed workers has increased to 33.8 billion pounds, weekly finance ministry figures showed.

UK expands COVID loan scheme for small businesses

More small British companies that were in financial difficulty before the COVID-19 pandemic will be able to access government-backed loans following a relaxation of European Union state aid rules, the finance ministry said on Thursday.

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