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
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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