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Government statistics released in May reveal that:
- eight million jobs have now been furloughed with £11.1bn claimed so far through the coronavirus job retention scheme (CJRS);
- two million self-employment income support (SEISS) claims have been submitted worth £6.1bn;
- some 581 586 applications have been made under the bounce back loan scheme of which so far 464 393 have been approved worth £14.18bn;
- under the coronavirus business interruption loan scheme there have been 81 124 applications and so far 40 564 loans worth £7.25bn have been approved; and
- there have been 496 applications for coronavirus large business interruption loans with 86 approved so far totalling £0.59bn.
Sarah Coles personal finance analyst at Hargreaves Lansdown said: ‘Ten million workers have needed to lean on government schemes to help them get through the coronavirus crisis. But with a cost of £17.2bn so far there’s a risk this vital support is going...
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