HomeNewsLatest NewsChancellor Vows £330bn Business Support Loan, As UK Death Toll Rise To...

Chancellor Vows £330bn Business Support Loan, As UK Death Toll Rise To 71

"It's there to look after people through thick and thin and to make sure that we get through this together and that's what we're going to do."

UK’s top scientific adviser said coronavirus may have infected up to 55,000 people in the country. The announcement follows the government’s warning which forbids UK citizens from travelling outside the country.

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Most borders around the world have shut down leaving holidaymakers stranded. UK’s PM Boris Johnson has urged Britons to work from home and avoid non-essential travel – mostly in London.

Boris Johnson may possibly take extra measures as he looks forward to introducing curfews and emergency legislation today to empower police to detain anyone suspected of being infected. Rishi Sunak, the chancellor, is, however, expected to announce an emergency financial plan that will help shore up the economy.

As the coronavirus continue to rock the world, some states in the United States have closed their public schools and venues have been ordered to shut down. Donald Trump said the “new normal” may last until August.

In Europe, officials have announced plans to block the non-essential entry of all foreigners for a period of 30-day in the face of “huge pressure” on healthcare systems.

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French leader, Emmanuel Macron has instituted what he tagged an unprecedented peacetime clampdown, which restricted movement for 15 days and telling citizens: “You will no longer be able to see your loved ones or continue your daily routine.”

The major points are as follows:

  1. Chancellor announces £330bn support package
  2. UK coronavirus death toll rises to 71
  3. British government warns against all travel outside the UK
  4. Criticism of Trump ‘is finger-pointing’, Raab says
  5. Businesses ‘probably not covered by insurance’

The Chancellor revealed that he will announce new measures to “support people’s financial security” in the near future.

“In the coming days, I will go much further to support people’s financial security.

“In particular, I will work with trade unions and business groups to urgently develop new forms of employment support to help protect people’s jobs and their incomes through this period,” he said.

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Addressing the issue of whether individuals and businesses would lose out while the government wrap-up the finishing touches on support measures, Boris Johnson said: “Be in no doubt that the state is asking people to do something, to make very considerable changes to their lives, and it is only right therefore that the state should stand behind people as they make those changes.

“And that’s what a government, that’s what a society is there to do.

“It’s there to look after people through thick and thin and to make sure that we get through this together and that’s what we’re going to do.”

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