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UK COVID lending to businesses nears 53 billion pounds - Metro US

UK COVID lending to businesses nears 53 billion pounds

FILE PHOTO: People walk in an office in the financial centre of Canary Wharf

LONDON (Reuters) – British banks’ lending to businesses under government-backed COVID-19 loan schemes neared 53 billion pounds ($69.7 billion) as of last weekend, weekly finance ministry figures showed on Tuesday.

Lending across the government’s three main programmes for small, medium and large businesses rose to a total 52.65 billion pounds as of Aug. 16, up from 51.77 billion pounds the week before.

(Reporting by Andy Bruce, editing by David Milliken)

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