Boris Johnson to face MP\'s later following £350 billion pound package of support

Boris Johnson to face MP's later following £350 billion pound package of support

The PM and Chancellor of the Exchequer, Rishi Sunak, announced the plans at a press conference on Tuesday

Boris Johnson will face questions from MPs on his coronavirus strategy after the Government announced an "unprecedented" £350 billion package of support to help businesses survive the crisis.

The Prime Minister and the Chancellor Rishi Sunak vowed to do "whatever it takes" to buoy the economy, as the number of people thought to have Covid-19 in the UK rose to 55,000 and the death toll climbed to 71.

Measures unveiled by Mr Sunak on Tuesday evening included government-backed loans worth £330 billion - equivalent to 15% of GDP - to help businesses which need access to cash, and a package of tax cuts and grants worth more than £20 billion.

Warning that "never in peacetime" had the UK "faced an economic fight like this one", he also announced plans for three-month mortgage holidays for homeowners suffering outbreak-related difficulties.

The package comes after the public was told to avoid all non-essential contact and travel, while the elderly and those with underlying conditions were told they would have to stay home much more.

Published: by Radio NewsHub
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