Government-backed loans worth £330bn and a three-month mortgage holiday have been announced by the chancellor as part of “unprecedented” measures to help businesses and families.
Rishi Sunak unveiled the package of support at a Downing Street news conference on Tuesday as he said the UK faced an “economic emergency” in the face of the coronavirus pandemic.
Mr Sunak announced:
As of 9am on Tuesday, there were 1,950 confirmed cases of coronavirus in the UK – up 407 in the past 24 hours and a rise of 26%.
The government’s chief scientific adviser, Sir Patrick Vallance, said the actual number of people in the UK with coronavirus was in the “ballpark” of around 55,000.
He told MPs the aim was for fewer than 20,000 people to die from the disease, despite that being a “horrible” number of deaths.
There are an estimated 8,000 deaths from seasonal flu each year.