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Tag Archives: borrowing

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Business borrowing increases four-fold in 2020 thanks to Coronavirus pandemic

Due DiligenceBy SulemanBaigJanuary 5, 2021

Business borrowing increased drastically throughout 2020 as businesses fought to survive the coronavirus pandemic.  More than £68 billion was partly or fully guaranteed by the treasury according to the Bank of England, with business borrowing increasing four-fold throughout the year. The UK government announced various support and loan schemes back at the start of the…

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