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Firms won’t start paying off Covid debt until 2024 Total borrowing by UK firms during the pandemic is expected to hit £60bn by the end of 2021 8 February 2021 • 6:00am Companies are building up enormous piles of debt to stay afloat through the pandemic, with many unlikely to begin paying back for years. Total borrowing by UK firms through the pandemic is expected to top £60bn by the end of 2021, according to a forecast by the EY Item Club – which predicted many would not begin to pay back their loans until 2024. Last year’s £35.5bn in net borrowing by British business was £25bn hi...

THE yawning chasm between grim Brexit realities for hard-pressed businesses and households, and fantasies about what the future could hold for what…

| UPDATED: 15:03, Tue, Feb 2, 2021 Link copied Sign up for our columnists plus the most commented stories driving conversation SUBSCRIBE Invalid email When you subscribe we will use the information you provide to send you these newsletters. Sometimes they'll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. British firms and unions explained the increased amount of paperwork has left their companies struggling to maintain their bottom line. They warn the...

Disingenuously, the government replies that all is quiet at the ports; but that’s only because a third less traffic is trading either way, and may never return. Stockpiles will run down, 1,000 cars from just one factory are parked up waiting for parts, and things will get worse. A year before Brexit, the Institute of Directors warned that a third of businesses would move operations to the EU – and it’s happening, haemorrhaging tax revenues and jobs. This is not “teething trouble” but extractions without anaesthetic. Despite this latest example of EU flaws, despite our relief at gett...

Almost two thirds of UK firms have been experiencing “significant disruption” to their supply chains across the EU border since the start of this year, according to the manufacturers’ association, Make UK. Many claim that the extra paperwork required since the end of the Brexit transition period has meant delays for firms trying to export and import goods into Europe and they are urging the government to solve the problem.