U.K. Government Sets Out $399 Billion in Loans to Battle Coronavirus Business Impact

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U.K. Government Sets Out $399 Billion in Loans to Battle Coronavirus Business Impact
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U.K. Government Sets Out $399-Billion Emergency Fund to Battle Coronavirus

Chancellor Rishi Sunak said that coronavirus is “a public health emergency but also an economic emergency”, and promised government intervention “on a scale unimaginable only a few weeks ago”.

“For those venues which do have a policy that covers pandemics, the government action is sufficient to allow them to make claims,” said Sunak. “Bectu research shows that 97% of freelancers are dissatisfied with the government’s response to the crisis. Nothing that has been announced so far will change that. We need urgent and specific action from the government in the coming days or it may already be too late for many freelancers to avoid financial ruin.”

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