Stricken firms will be offered £330bn loans, zero business rates and £25,000 in cash grants for small businesses. Here is a summary of the measures announced tonight and what they mean for you. The Chancellor said: "For those in difficulty due to coronavirus, mortgage lenders will now offer a three month mortgage holiday. Businesses will get £330bn in loans - and it could be more(Image: PA)The biggest announcement was a £330bn offer of loans to businesses large and small to cope with the short-term crisis. £3k support packages for many small firms will be upped to £10kLast week’s Budget announced support to 700,000 small firms which are eligible for either Small Business or Rural Rate Relief.

Source: Daily Mirror March 17, 2020 18:51 UTC