UK unveils £330 billion lifeline for firms hit by coronavirus

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UK unveils £330 billion lifeline for firms hit...
 © Parikiaki 2020
Britain said it would launch a 330 billion-pound lifeline of loan guarantees and provide a further 20 billion pounds in tax cuts, grants and other help for businesses facing the risk of collapse from the spread of coronavirus.

Chancellor of the Exchequer Rishi Sunak repeated his pledge to do “whatever it takes” including further action if needed to help sectors from retailers to bars and airports which are reeling from a near-shutdown of their businesses.

“This is not a time for ideology and orthodoxy,” Sunak said on Tuesday, speaking alongside...


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This article was automatically added to our system 18-3-2020

UK unveils £330 billion lifeline for firms hit by coronavirus


The contents of this article including any associated images are © Parikiaki 2020
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Article Tags: unveils, billion, lifeline, firms, coronavirus,