Taxpayers’ bad loan bill shrinks to ‘only’ £20bn

Industry News | 18/09/20

The taxpayer will have guaranteed nearly £70bn in loans to UK businesses by March 2021, according to new industry estimates.

But the expected bill for bad loans to UK firms has fallen from £30bn to “only” £20bn, according to TheCityUK.
The group says that better-than-expected economic growth has seen cost estimates of government guaranteed loans shrink.

Source: BBC