It is about 1.7 million individual loans and 80 billion pounds: The British government has guaranteed aid to companies in the coronavirus pandemic.
The British government has guaranteed aid loans to companies worth around £ 80 billion (€ 93.4 billion) in the coronavirus pandemic. That emerges from a statement from the British Treasury Department on Tuesday.
Overall, the sum from various programs is distributed over around 1.7 million individual loans, it said.
According to the government, companies of all sizes have benefited from this, from large export-oriented industrial groups to small companies. In addition, there is support from the “Job Retention Scheme” modeled on the German short-time work, the deferral of corporate taxes, a reduction in sales tax and a stop to evictions from commercially used rooms.
In Germany, during the corona pandemic, a special loan program was decided through the state development bank KfW, in which the federal government ultimately assumed up to 100 percent of the default risks. In 2020, the development bank promised corona aid loans of around 45 billion euros to companies and the self-employed. In addition, the federal government supported burdened companies with direct grants worth billions.
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
