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HomeNEWSChancellor unveils £350bn lifeline for economy

Chancellor unveils £350bn lifeline for economy

The government has unveiled a package of financial measures to shore up the economy against the coronavirus impact.

It includes £330bn in loans, £20bn in other aid, a business rates holiday, and grants for retailers and pubs. Help for airlines is also being considered.

Chancellor Rishi Sunak told a press conference it was an “economic emergency. Never in peacetime have we faced an economic fight like this one.”

And he promised that if this package was not enough, he would go further.

The support includes measures to help businesses, large and small.

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