The U.K. government has announced a raft of new financial measures to help businesses under severe strain from the coronavirus outbreak.
UK Prime Minister Boris Johnson speaks and takes questions during a press conference in Downing Street regarding the coronavirus outbreak, on March 9, 2020. in London, England.The U.K. government has announced a raft of new financial measures to help businesses under strain from the coronavirus outbreak.
"We will support jobs, we will support incomes and we will support businesses ... we will do whatever it takes," he said. Calling the pandemic an "economic emergency" as well as a public health one, Sunak announced more help for the most affected sectors of the economy, including tax cuts and grants. Like their global counterparts, these industries are facing an almost international shutdown as governments restrict their citizens' activities to try to limit the spread of the coronavirus.; schools and universities are still open, unlike many of their European neighbors, and most businesses remain open.
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