Coronavirus – 8.4 million UK workers furloghed as businesses claim £15bn from government scheme

Industry News | 27/05/20

One million UK businesses have claimed £15bn from the government’s coronavirus job retention scheme to cover the wages of 8.4 million furloughed workers, official figures show. The Treasury also unveiled a big jump in the number of approvals for its Bounce Back Loans, which are aimed at helping small businesses to navigate the coronavirus crisis.
The loans, valued at up to £50,000 and 100% guaranteed by the government, have proved to be far more popular than the original Coronavirus Business Interruption Loan Scheme (CBILS), which was plagued by delays and complaints.

Source: Sky News