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.
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