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UK businesses promised £330 billion rescue package as homeowners handed 'three-month mortgage holiday'
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dailyrecord.co.ukGovernment-backed loans worth £330 billion will be made available to support businesses through the coronavirus crisis, the Chancellor has announced.
Rishi Sunak said the "unprecedented package" - equivalent to 15% of GDP - could go further if demand is greater, and vowed to do "whatever it takes" to help the economy.
The Chancellor, speaking at a press conference inside 10 Downing Street, also said he was extending the business rates holiday to all businesses in the hospitality sector and funding grants of up to £25,000 for smaller businesses.
And Mr Sunak said that for those in financial difficulty due to coronavirus, mortgage lenders will offer a three-month mortgage holiday.
Read more on dailyrecord.co.uk
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