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Coronavirus: UK to unveil new financial measures to support economy

Coronavirus: UK to unveil new financial measures to support economy

Posted by on March 17, 2020 0

The government will unveil more financial plans to help the economy during the coronavirus outbreak, after the prime minister announced unprecedented peacetime measures.

Boris Johnson has urged everyone to avoid unnecessary social contacts, to work from home where possible, and to stay away from pubs and restaurants.

People in at-risk groups will be asked within days to stay home for 12 weeks.

Firms warned the virus restrictions could put them out of business.

The number of people who have died with the virus in the UK has reached 55.

More than 1,500 people have tested positive for the virus in the UK – but the actual number of cases is estimated to be between 35,000 and 50,000.

The UK’s shift in strategy comes as Europe plans to ban all non-essential travel throughout the Schengen free-travel zone, as more countries close their borders.

In Boris Johnson’s first daily update on Monday he acknowledged the economy was facing “a severe blow” because of the virus.

The key new measures he announced included:

Under the guidance, people who should be “particularly stringent” in minimising their social contact are:




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