Bank of England warns of insolvency crisis among SMEs
Insolvency timings will coincide with end to Government support.
UK GDP grows by 0.8% in May 2021
Growth was primarily driven by the service sector.
COVID-19 loans hit total value of £80 billion
BBLS applications accounted for the majority of claims.
Post-pandemic job exodus could cost businesses up to £17 billion
The cost equates to £10,076 per business.
Employers start contributing to furlough payments
The furlough scheme begins winding down.