Nine million people increased borrowing in 2020
The proportion of borrowing £1,000 or more increased to 45%.
The proportion of borrowing £1,000 or more increased to 45%.
Taxpayers could face fines totalling to £250 million.
50,000 small firms close every year due to late payments.
The loans are part of the £280bn support package.
Around £1.8bn is expected to be paid out in claims.