July 21, 2020 / 9:14 AM / 15 days ago

UK government-backed COVID lending reaches 48 billion pounds

LONDON (Reuters) - British businesses have taken out 48 billion pounds ($61 billion) in government-backed COVID-19 loans, up from 46 billion pounds a week earlier, finance ministry data showed on Tuesday.

The largest scheme, which offers lenders a 100% state guarantee on loans of up to 50,000 pounds to businesses, has lent 32.79 billion pounds to 1.084 million firms, a billion pounds more than the week before.

The Coronavirus Job Retention Scheme has paid the wages for 9.4 million jobs, at a cost of 28.7 billion pounds so far.

Reporting by David Milliken, editing by Andy Bruce

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below