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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

Names of UK Covid business loan borrowers to stay secret, tribunal rules

The UK government advert for Covid bounce-back business loans.
The UK government advert for Covid bounce-back business loans. Photograph: HM Government

The British government has been given the go-ahead to keep concealing the names of companies that received in total more than £47bn in state-backed Covid loans, after a tribunal ruled in its favour.

The tribunal case had been brought by campaign group Spotlight on Corruption, amid concerns fraudsters and organised criminals had exploited government-guaranteed loans intended for struggling firms during the pandemic.

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