UK to rally business support as coronavirus spreads further
The United Kingdom had announced on Tuesday that it would be ramping up on support for businesses affected by the virus outbreak. The government had recently told its people to avoid public areas such as pubs, restaurants, and theaters which had hurt a majority of companies in the country.
The Bank of England’s Finance minister Rishi Sunak is expected to unveil new measures at a government news conference. Last week, Sunak had pledged to send out £30 billion ($37 billion) to public healthcare and certain businesses worse hit by the virus.
Director of the British Chamber of Commerce, Adam Marshall said that further action had to be taken by the government and suggested that a suspension of tax bills could be the best step.