Coronavirus: A fifth of smaller UK firms 'will run out of cash'

1st April 2020

Nearly a fifth of all small and medium-sized businesses in the UK are unlikely to get the cash they need to survive the next four weeks, in spite of unprecedented government support.

That's according to research from a network of accountants which suggests between 800,000 and a million firms nationwide may soon have to close.

Many firms have told the BBC that banks have refused them emergency loans.

The banks say they are following the rules set out by the government.

Read the full story on the BBC web site HERE