400 Billion Dollars Pack from the UK!

400 Billion Dollars Pack from the UK!

The British government has announced a £ 330 billion ($400 billion) package to support the economy, which has stalled after the Coronavirus outbreak became effective around the world and seen in its home country. The British government has prepared a new £ 330 billion ($ 400 billion) package to reduce the economic effects of the coronavirus outbreak. UK Finance Minister Rishi Altar announced that they will offer £ 330 billion of state-sponsored loans and grants in case of measures taken. Speaking at the press conference, Sunak said, "We will support employment, income, and companies. We will do whatever it takes."

400 Billion Dollars Pack from the UK!

Emphasizing that companies need cash, Sunak said, "They will have access to the cash they need with government-backed loans. A few weeks ago, such an intervention of the state in the economy could not have been predicted." Saying that the coronavirus epidemic is an 'economic emergency', Rishi Altar stated that they will announce some tax cuts soon. According to the announced plan, small companies in the UK will be able to receive up to £ 25,000. In addition to the support provided to companies, housing loan payments will be postponed for 3 months for those who have difficulty in payment. The British government has previously announced that it will support sectors that will be affected by the coronavirus epidemic, particularly aviation and tourism.