UK plugs loan gap for firms teetering under coronavirus strain
British finance minister Rishi Sunak will on Friday address a gap in its support for businesses trying to survive the seismic economic hit from the coronavirus outbreak, by allowing medium-sized companies access to government-backed loans.The move comes on the back of warnings that many businesses risk collapse soon -- up to 18% of all small- and medium-sized enterprises (SMEs), according to the Corporate Finance Network of accountants.Under the new loan scheme, companies with an annual turnover
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