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Covid pushes business borrowing up five-fold

UK businesses are set to borrow more than five times as much this year compared with the previous twelve months as a result of Covid-19, according to analysis from EY.

Covid pushes business borrowing up five-fold
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Banks lent (net of repayments) non-financial companies £43.2bn between January and August 2020, a fivefold increase on the net amount they lent over the whole of 2019 (£8.8bn).

Read more at Accountancy Daily.

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