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Coronavirus: business loans top £1.1bn - as Sunak urges banks to step up pace

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The figures come after criticism that the support package promised by the chancellor was not reaching firms quickly enough.

COVID-19 to inflict huge hit on UK economy

"Frontline staff in local branches and call centres are working incredibly hard to help firms access finance as quickly as possible amid unprecedented demand. Christopher Woolard, the FCA's interim chief executive, urged insurers to assess and pay quickly claims made in relation to the pandemic.

 

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