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UK COVID lending to businesses nears 53 billion pounds

LONDON (Reuters) - British banks’ lending to businesses under government-backed COVID-19 loan schemes neared 53 billion pounds ($69.7 billion) as of last weekend, weekly finance ministry figures showed on Tuesday.

Lending across the government’s three main programmes for small, medium and large businesses rose to a total 52.65 billion pounds as of Aug. 16, up from 51.77 billion pounds the week before.

($1 = 0.7603 pounds)

Reporting by Andy Bruce, editing by David Milliken

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