Nearly a third of companies in receipt of coronavirus loans from the Bank of England have links to tax havens, new research has suggested.

Analysis by TaxWatch, an investigative think tank, claimed 14 out of the 53 businesses which have benefited from help are either based in or substantially owned by a tax haven resident.

They have received more than £5 billion in loans as part of the coronavirus corporate financing facility (CCFF) – a Bank of England scheme designed for some of the biggest companies with credit ratings.

Among recipients of the scheme are British Airways, whose parent company is based in Jersey. It has accessed £300 million of support.

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https://www.belfasttelegraph.co.uk/news/uk/third-of-firms-getting-emergency-coronavirus-loans-have-tax-haven-links-study-39264780.html