LONDON: Britain’s government has risked creating a legion of “zombie” companies by encouraging banks to lend £45bil (US$62bil) to small businesses with a 100% state guarantee during the Covid pandemic, a leading think tank warned.
The Resolution Foundation said most of the support given by the government to businesses and workers was useful and more would be needed when finance minister Rishi Sunak sets out his 2020/21 budget on March 3.
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