LONDON (UK) – Britain’s finance ministry said on Tuesday its spendings passed more than 25 billion pounds on a furlough programme that is supporting 9.3 million jobs.
In a weekly update, the Treasury said claims under its Job Retention Scheme – which pays 80% of salary costs for furloughed staff – rose to 25.5 billion pounds as of June 28 from 22.9 billion pounds the week before.
Banks had lent small businesses 29.5 billion pounds of 100% state-backed loans, up about 1.5 billion pounds from the previous week. Larger firms had received 11.1 billion pounds from the government’s main lending scheme, with the biggest companies getting an extra 2.3 billion pounds.
(Photos syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field.