RE: UK inflation hits highest level in 40 years16 Nov 2022 13:30
theo re ..insolvencies...As of 31 March 2022, businesses have drawn 1,636,642 facilities, totalling £77.1 billion, through the:
Coronavirus Business Interruption Loan Scheme (CBILS)
Coronavirus Large Business Interruption Loan Scheme (CLBILS)
Bounce Back Loan Scheme (BBLS)
The 3 schemes were established by the government in the first half of 2020 to support UK businesses impacted as a result of the pandemic.
77 BILLION was lent out in 3 various loan forms....i know of 2 small businesses who have declared insolvency now these loans have to be repaid......gl.