Loans scheme must work faster, government admits

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Business Secretary Alok Sharma has admitted that “more money needs to go out faster” to businesses applying for emergency loans from the government.

He said 4,200 loans, worth a total of £800m, had been given to firms seeking cash to survive the coronavirus crisis.

However, that is just 1.4% of the 300,000 enquiries that are thought to have been made through the…

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