News · 17 June 2026

British Council still owes £197m Covid loan

The public spending watchdog says this body, meant to promote UK culture, hasn't repaid any of a huge government loan. The National Audit Office, the public spending watchdog, found the British Council still loses money and doesn't expect to profit until 2029/30. They offered their art collection, with works by David Hockney, to repay the £197m, but the government wants cash.

By BriefTea Editorial · 17 June 2026 at 1:57

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