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- UK offers lockdown-hit firms extra $6.2 billion of help
UK offers lockdown-hit firms extra $6.2 billion of help
Reuters reports that Britain offered a 4.6 billion pound support package for businesses struggling to cope with a third national lockdown, imposed this week to stem a new wave of COVID-19 cases sweeping the country.
Finance minister Rishi Sunak said retail, hospitality and leisure companies will be able to claim one-off grants worth up to 9,000 pounds to get them through the coming months - adding to hundreds of billions of pounds of existing support.
"This will help businesses to get through the months ahead - and crucially it will help sustain jobs, so workers can be ready to return when they are able to reopen," Sunak said.
In addition to the UK-wide grants, worth around 4 billion pounds, the government will provide 594 million pounds of funding to the administrations of Scotland, Wales and Northern Ireland.
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