Business: Coronavirus

(asked on 21st April 2021) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

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


Answered by
Lord Callanan Portrait
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 28th 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.

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