Business news

UK economy fared worse than feared in Q1

ONS revises down its previous estimate by 0.2%.

Late payments crisis deepens during lockdown

Group claimed big firms withheld or froze payments.

House sales fell by 50% in May 2020

46,230 homes sold as COVID-19 restrictions impact the housing market.

Treasury lending to businesses passes £40bn

Nearly a million firms in COVID-19 debt.

COVID-19 scam offers fake business grants

Fraudsters target retail, hospitality and leisure firms.

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