Economics

U.K. Approves More Than 1 Million Virus Loans to Firms

A busker plays a guitar on a pedestrianised shopping precinct in Oxford.
Photographer: Chris Ratcliffe/Bloomberg

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By David Goodman and Alex Morales

June 30, 2020 at 8:48 AM UTC

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The number of emergency virus loans approved by the U.K. government has topped 1 million, a milestone that highlights the economic damage done by the restrictions to control the pandemic.