U.K. Releases ‘Wartime’ Funding to Save Economy from Virus

This post was originally published on this site

© Reuters. U.K. Releases ‘Wartime’ Funding to Save Economy from Virus© Reuters. U.K. Releases ‘Wartime’ Funding to Save Economy from Virus

(Bloomberg) —

British Prime Minister Boris Johnson declared the U.K. is fighting a war against the coronavirus outbreak as his government pledged a massive package of loans and grants for businesses to shore up the economy.

Help was announced with home loan costs, airlines and the hospitality industry as ministers pledged 330 billion pounds ($398 billion) worth of government-backed loans for struggling companies.

“We must act like any wartime government and do whatever it takes to support our economy,” Johnson told reporters at a press conference in London on Wednesday.

©2020 Bloomberg L.P.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment