Taxpayers left with £421m bill after one in 12 firms default on Covid loans - The Guardian

About 8% of borrowers – 130,000 firms – have so far failed to repay government-backed emergency loans

Taxpayers have been left to foot a £421m bill to cover soured Covid debts, after one in 12 businesses defaulted on state-backed emergency loans distributed at the height of the pandemic, official fig… [+3804 chars]

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