Chancellor announces £330bn of government-backed loans in coronavirus fight

‘We will get through this’

clock • 2 min read

A raft of financial measures to shore up businesses and families hit by the coronavirus pandemic

Speaking at the daily press conference at Downing Street, Chancellor Rishi Sunak said the pandemic was a public health emergency but also an "economic emergency". There would be government intervention of an "unimaginable" scale to support businesses hit by the effective-lock down. "This is a time to be bold, a time for courage. The government will stand behind business small and large," he said. Government-backed loans amounting to £330bn will be made available from Monday. Any business who needs access to cash will be able to access government-backed credit, Sunak said. He add...

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