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Almost a fifth of small businesses 'at risk of collapse within month'

Study suggests some SMEs will struggle to secure government cash in coronavirus lockdown

Almost a fifth of UK small businesses are at risk of collapsing within the next month as they struggle to secure emergency cash meant to support them through the coronavirus lockdown, according to research by an accountancy network.

The chancellor, Rishi Sunak, has pledged unprecedented aid to companies to try to cushion the blow from much of the economy shutting down but businesses and politicians have raised concerns that there are gaps in the schemes.

Related: Markets slide as UK banks cancel dividends amid Covid-19 woes – business live

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Source: The Guardian

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