Chancellor Rishi Sunak says he will do whatever it takes to protect jobs and incomes and is offering mortgage holidays and business grants. The day’s political developments as they happen
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We must act like any wartime government and do whatever it takes to support our economy. That’s the main purpose of this press conference this afternoon …
Yes this enemy can be deadly, but it is also beatable – and we know how to beat it and we know that if as a country we follow the scientific advice that is now being given we know that we will beat it.
Here is some comment on the Rishi Sunak package for business from thinktanks and journalists.
Brexit on Amazon
From the Resolution Foundation, a thinktank focusing on work, poverty and inequality
Our response to the Chancellor’s statement on the government’s new package of measures to tackle the impact of coronavirus on the economy pic.twitter.com/9dgPVzruiA
The UK Government will have to go much further than this in the weeks ahead. Not much here for those losing their livelihoods. Sunak hints at income support to come.
Sunak unveils massive assistance package for business hit by the virus. Dwarfing budget measures.
The loans and grants for business also big — but nothing further on sick pay or on benefits.
Six days ago, Sunak unveiled a corona-budget with statutory sick pay at its heart. The pandemic’s impact has grown since then – businesses are closing. what measures for those laid off?
I’m sorry to write this, but just as in its tackling of the pandemic itself the UK’s economic response lags far behind our European neighbours. Johnson talked about this being ‘wartime’, so why are we wielding a peashooter?