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READ MOREBusinesses struggling to repay £20bn of Covid loans
The Treasury may have to write off as much as £20bn worth of Covid-19 financial support on top of £4.3bn worth of Covid loans being lost to fraud.
That’s half of the £47bn lent through the Bounce Back Loan scheme alone.
And this is higher than the £18bn worth of Bounce Back Loans not being repaid that the business department has braced itself for.
Read more at smallbusiness.co.uk
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