Monday, 11 May 2020 07:06 AM MYT
LONDON, May 11 — British retailers have warned the government that its business bailout package of reliefs, grants and loans will not be sufficient to stop the “imminent collapse of many businesses”. Many businesses operate on small margins, have had little or no income coming in for several weeks and are at imminent risk, the letter said, adding that even after a lockdown imposed to curb the spread of the new coronavirus is lifted it will take these businesses a considerable time to recover.
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