£20 billion to prop up the high street: Rishi Sunak opens cash taps to help ailing shops and pubs - News Summed Up

£20 billion to prop up the high street: Rishi Sunak opens cash taps to help ailing shops and pubs


Mr Sunak said the intervention would help not just pubs and restaurants but shops, music venues and theatres. The plans, announced in Downing Street yesterday, are designed to help businesses with their cash flow and fixed costs. Mr Sunak said: ‘For those businesses which do have a policy that covers pandemics, the Government’s action is sufficient and will allow businesses to make an insurance claim against their policy. In the recent Budget Chancellor Rishi Sunak announced a ' coronavirus business interruption loans scheme ', with banks to offer loans of up to £1.2million to small and medium-sized businesses. Accountant Sharon Da Costa, 50, from north London, told MailOnline: 'Today is my last day.


Source: Daily Mail March 17, 2020 18:24 UTC



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