Coronavirus UK: Rishi Sunak unveils £330bn business bailout - News Summed Up

Coronavirus UK: Rishi Sunak unveils £330bn business bailout


AdvertisementBoris Johnson launched a desperate bid to stop coronavirus effectively sending the UK bust tonight - with hundreds of billions pumped into bailing out businesses. Rishi Sunak unveils business support measures worth hundreds of billions of pounds Chancellor Rishi Sunak unveiled a raft of measures today designed to prop up an economy teetering under the pressure of coronavirus. Mr Sunak said the direct support for business, including grants and business rates relief, was worth a total of £20billion. 'Additionally I am also extending today the business rates holiday to all businesses in those sectors irrespective of their rateable value. As the UK coronavirus death toll spiked to 55, the PM said: 'If necessary, you should ask for help from others for your daily necessities.


Source: Daily Mail March 17, 2020 17:12 UTC



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