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Coronavirus

UK firms will have borrowed £60bn by end of year, EY predicts

Last year’s figure was £25bn more than what was borrowed on average over the previous five years, after firms sought funds to support them through the effects of the pandemic

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UK firms will have borrowed over £60bn by the end of the year, having borrowed £35.5bn last year, with a further £26bn forecast to be borrowed by the end of 2021, according to the latest EY ITEM Club for Financial Services Forecast.

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