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- UK finance minister Sunak: We should be in no doubt about seriousness of economic situation
UK finance minister Sunak: We should be in no doubt about seriousness of economic situation
- Says over 4 million jobs have been furloughed
- Over 20,000 coronavirus business interruption loans have now been approved
- Announces new micro loan scheme for small businesses
- Says businesses can borrow up to 25% of turnover up to GBP50,000
- Loans will not be tested against business future viability
- Government will guarantee hundred percent of small business loan
- Government will pay interest on small business loans for first 12 months
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