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Business: Coronavirus

Question for Department for Business, Energy and Industrial Strategy

UIN HL15185, tabled on 21 April 2021

To ask Her Majesty's Government what assessment they have made of the level of business debt accrued during the COVID-19 pandemic.

Answered on

28 April 2021

In February 2021, the stock of total loans outstanding, and held by monetary financial institutions, to UK non-financial businesses (seasonally adjusted), was £528 billion, up from £487 billion in February 2020 (Source: BoE Bankstats).

Within this, the stock of total loans outstanding owed by UK SMEs was £215 billion in February 2021, up from £167 billion in February 2020.

Answered by

Department for Business, Energy and Industrial Strategy