British Council Faces Financial Crisis After Failing to Repay Covid Loan

The British Council is in a precarious financial situation after failing to repay a £197 million Covid loan, potentially leading to significant operational reductions, staff redundancies, and office closures.

16 Jun, 23:01 — 16 Jun, 23:01

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The IndependentMostly Factual80d ago

British Council in ‘precarious financial situation’ after failing to repay £197m Covid loan

There could now be a drastic reduction in the council’s operations, including making around a quarter of staff redundant and closing offices in 11 countries

By Christopher McKeon

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British Council Faces Financial Crisis After Failing to Repay Covid Loan

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British Council in ‘precarious financial situation’ after failing to repay £197m Covid loan

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