UK state support for business and workers reaches new heights

Unprecedented measures for coronavirus crisis include paying 80% of wages, new loans, benefits boost, rent help and VAT deferral

Rishi Sunak said an unprecedented level of state protection will be offered to support businesses and workers through the coming months to prevent the coronavirus outbreak bringing the economy to its knees.

The chancellor’s second package of measures since he announced a £30bn rescue operation at the budget earlier this month, has been developed in recent days in response to criticism that previous efforts would fail to prevent thousands of companies going bust.

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from The Guardian https://ift.tt/3aaAZLp