Chancellor Rishi Sunak ‘is working on new bailout package for businesses affected by coronavirus’
- Chancellor Rishi Sunak to speak with PM on the economic impact of coronavirus
- The Prime Minister has told Britons to avoid pubs and clubs amid the outbreak
- But business owners fear that they may lose their livelihoods as firms go bust
- Coronavirus symptoms: what are they and should you see a doctor?
Chancellor Rishi Sunak has been working on bailout plans for businesses hit by the coronavirus outbreak.
Prime Minister Boris Johnson last night advised Britons to avoid pubs and clubs in a bid to control the spread of the virus.
But venue owners have slammed the PM for not telling them to close, as they could then claim on their insurance to save their businesses.
Chancellor Rishi Sunak has been working on bailout plans for businesses hit by the coronavirus outbreak. Cases of the coronavirus across the UK have now risen to more than 1,500
New Chancellor Sunak, who had just unveiled his budget less than a week ago, is poised to talk with the PM on the economic shocks caused by the virus, according to The Times.
He will discuss ‘more help’ for sectors including pubs, theatres, clubs and cinemas as they cope with the outbreak, the paper reported.
Those who own firms in sectors including hospitality and catering could see their livelihoods destroyed as businesses go bust.
Cases of the coronavirus across the UK have now risen to 1,543, with 55 deaths; but there is likely to be many more as tests are being carried out on patients in hospital.
Prime Minister Boris Johnson last night advised Britons to avoid pubs and clubs in a bid to control the spread of the virus. But venue owners have slammed the PM for not telling them to close
As he urged Britons to avoid unnecessary social contact and to start home working, the PM last night accepted that the situation was ‘difficult’.
Mr Johnson said in the Government’s nightly press conference: ‘Clearly what we are announcing today is a very substantial change in the way that we want people to live their lives and I can’t remember anything like it in my life time, I don’t think there has really been anything like it in peacetime’.
In France, shops, restaurants and all ‘non-indispensable’ businesses have been forced to shut.
French President Emmanuel Macron vowed last night in a television address that ‘no business will go bust’ because of social distancing rules in the country.
He told the French people they would have to stay home unless they were shopping for food or going to a pharmacy, going to absolutely essential work, or exercising alone.
He announced a £273million (300 million euro) bailout package to help businesses in the country.
In Germany, they announced bars, clubs, and museums will be closed to slow the spread.
In France, shops, restaurants and all ‘non-indispensable’ businesses have been forced to shut. President Macron told the French people they would have to stay home unless they were shopping for food or going to a pharmacy, going to absolutely essential work, or exercising