Emergency Cash To Help Businesses And Operations Delayed

39
695

Emergency Cash To Help Businesses And Operations Delayed

Chancellor Rishi Sunak has unveiled an “unprecedented” set of financial measures to support the UK economy through the coronavirus pandemic.

They include mortgage “holidays” for those in financial difficulty as well as £330bn in loans to protect businesses facing losses as a result of the virus.

Meanwhile all non-urgent operations in England and Scotland will be postponed to free up beds for virus patients.

It comes as the UK death toll hit 71.

The government’s chief scientific adviser Sir Patrick Vallance said it would be a “good outcome” for the UK if the number of deaths from the virus could be kept below 20,000.

“Never in peacetime have we faced an economic fight like this one,” Mr Sunak said at a Downing Street press conference, as he detailed measures to ease financial burdens caused by the virus.

The chancellor said the £330bn in loans – equivalent to 15% of GDP – would be available from next week to help businesses pay for supplies, rent and salaries.

Other measures to be put in place include extended business rates relief and a three-month mortgage holiday for people in financial difficulty as a result of the virus.

“We must act like any wartime government and do whatever it takes to support our economy,” Prime Minister Boris Johnson said at the same conference.

Labour’s shadow chancellor John McDonnell said there was nothing in the statement to protect renters – although Mr Sunak said measures would be announced in the “coming days”.

Mr McDonnell also called for statutory sick pay to be increased and for those losing their jobs to be given some support.

And unions raised concern that no measures were announced to help freelancers and people working in the so-called gig economy,

Media captionBoris Johnson: “We must act like any wartime government”

NHS England’s chief executive Sir Simon Stevens said postponing routine surgery from 15 April would help to expand critical care capacity to the maximum – to prepare for “the likely influx of more coronavirus patients”.

The emergency policy to free up 30,000 beds will be in place for at least three months, he said.

However, cancer operations will continue to go ahead, Sir Simon added.

Sir Simon said the health system in England has about 7,000 ventilators and there are plans to increase this to 12,000.

British engineering firms have been called on to switch to making medical ventilators to help efforts to cope with the virus, which causes the disease Covid-19.

The government set out emergency legislation before MPs in the Commons to tackle the outbreak, including measures giving powers to police and immigration officers to detain people and put them in isolation to protect public health.

In another day of fast-changing developments across the globe:

Meanwhile Sir Patrick said that, despite the upcoming Mother’s Day celebration, the over-70s should avoid having Sunday lunch with their families.

He also advised people taking painkillers to use paracetamol instead of ibuprofen, after French health officials indicated anti-inflammatory drugs could worsen the virus – a suggestion Sir Patrick said “may or may not be right”.

BBC news online health editor Michelle Roberts said up to 15,000 of England’s 100,000 hospital beds could be freed up for coronavirus admissions by discharging other patients who are well enough to go home or be cared for in the community.

She added that Sir Simon would not say whether the measures will ultimately be enough to ease the pressure on the NHS.

Scottish Health Secretary Jeane Freeman said emergency measures by the NHS in Scotland would also include doubling the number of intensive care beds.

Chart on UK cases of coronavirus

The number of people who have died with the virus in the UK has reached 71, after a second death was confirmed in Scotland, as well as a second in Wales. and a further 14 in England.

Some 1,950 people have tested positive for the virus in the UK, according to the latest Department of Health figures – but the actual number of cases could be as high as 55,000.

Sir Patrick told the health select committee that a death rate of one fatality for every 1,000 cases was a “reasonable ballpark” figure, based on scientific modelling.

More than 50,000 people have been tested for the virus in the UK, but the government is primarily testing people who are in hospital. This means many people who have mild symptoms may never be diagnosed with the virus.

Media captionDominic Raab: “I have taken the decision to advise British national against international travel, globally”
https://www.bbc.com

Earlier the Foreign Office advised British nationals to avoid all non-essential foreign travel.

The restrictions will be in place for 30 days initially but could be extended, the Foreign Secretary Dominic Raab told the House of Commons.

Nazanin Zaghari-Ratcliffe Released From Iran Prison

It is the first time the UK has advised against foreign travel anywhere in the world.

“UK travellers abroad now face widespread international border restrictions and lockdowns in various countries,” Mr Raab said in a statement.

“The speed and range of those measures across other countries is unprecedented.”

https://www.bbc.com

Banner

British people currently abroad do not have to immediately return to the UK – except for those in a few countries detailed in the Foreign Office’s travel advice.

But the Foreign Office said travellers should bear in mind that flights could be cancelled at short notice as foreign countries grapple with restrictions being imposed by their own authorities.

Nazanin Zaghari-Ratcliffe Released From Iran Prison

The foreign secretary added the government would issue advice on how the flow of food and goods to the UK can be maintained, and that staff working on shipping routes should continue to do so as their travel was “essential”.

The travel advice for British nationals has in part been brought in because of the stringent social distancing measures announced by Boris Johnson on Monday.

Emergency Cash To Help Businesses And Operations Delayed

39 COMMENTS

  1. I?d need to talk to you below. Which is not something I normally do! I delight in reviewing a message that will certainly make people think. Additionally, thanks for permitting me to comment!

  2. Heya i’m for the primary time here. I found this board and I in finding It really useful & it helped me out much. I hope to provide one thing back and aid others such as you aided me.

  3. Thanks for every other informative site. Where else may I get that kind of information written in such a perfect manner? I have a challenge that I’m simply now running on, and I’ve been at the look out for such information.

  4. I believe this is one of the such a lot significant info for me. And i’m satisfied reading your article. However should observation on few common issues, The site style is perfect, the articles is really great : D. Just right task, cheers

  5. Incredible! This blog looks just like my old one! It’s on a totally different topic but it has pretty much the same page layout and design. Superb choice of colors!

  6. Hi there! This is kind of off topic but I need some help from an established blog. Is it very hard to set up your own blog? I’m not very techincal but I can figure things out pretty fast. I’m thinking about making my own but I’m not sure where to start. Do you have any ideas or suggestions? Thank you

  7. Wow! This could be one particular of the most useful blogs We’ve ever arrive across on this subject. Actually Fantastic. I’m also an expert in this topic therefore I can understand your effort.

  8. Usually I don’t learn article on blogs, however I wish to say that this write-up very forced me to take a look at and do so! Your writing style has been amazed me. Thank you, very great post.

  9. An impressive share, I simply given this onto an associate that was doing a little evaluation on this. As well as he as a matter of fact bought me morning meal due to the fact that I located it for him. smile. So let me reword that: Thnx for the reward! But yeah Thnkx for investing the moment to discuss this, I really feel highly regarding it and enjoy reading more on this topic. When possible, as you come to be expertise, would you mind upgrading your blog with more details? It is highly helpful for me. Big thumb up for this post!

  10. Good – I should definitely pronounce, impressed with your website. I had no trouble navigating through all tabs as well as related information ended up being truly easy to do to access. I recently found what I hoped for before you know it in the least. Quite unusual. Is likely to appreciate it for those who add forums or something, website theme . a tones way for your customer to communicate. Nice task.

  11. Heya i’m for the first time here. I came across this board and I find It truly useful & it helped me out a lot. I hope to give something back and aid others like you helped me.

  12. Hi there! I just wanted to ask if you ever have any problems with hackers? My last blog (wordpress) was hacked and I ended up losing months of hard work due to no back up. Do you have any solutions to prevent hackers?

  13. Get help to stop drinking. Helping women quit drinking alcohol. Coach Mary Wagstaff. Feel better, mind, body and soul. Mindfulness based coaching and alcohol recovery. Yoga for recovery.

  14. Good – I should certainly pronounce, impressed with your site. I had no trouble navigating through all the tabs and related info ended up being truly simple to do to access. I recently found what I hoped for before you know it in the least. Reasonably unusual. Is likely to appreciate it for those who add forums or anything, website theme . a tones way for your client to communicate. Excellent task..

  15. Excellent post. I was checking continuously this blog and I am impressed! Very helpful info particularly the last part 🙂 I care for such info a lot. I was seeking this particular info for a long time. Thank you and good luck.

  16. I have learned some important things via your post. I’d personally also like to convey that there can be situation that you will get a loan and never need a co-signer such as a National Student Aid Loan. When you are getting credit through a regular lender then you need to be willing to have a co-signer ready to make it easier for you. The lenders can base their own decision using a few factors but the most important will be your credit score. There are some loan providers that will furthermore look at your job history and make a decision based on that but in many cases it will depend on your rating.

  17. Hello, you used to write magnificent, but the last few posts have been kinda boring… I miss your super writings. Past several posts are just a little bit out of track! come on!

  18. Now i am really fresh to wordpress blogs. however what you post on this site is absolutely very good and very beneficial. I believe it would help me in the future. Thanks for the excellent work.

  19. Excellent and really nice blog. I really enjoy blogs that have to do with weight loss and fitness, so this is of particular interest to me to see what you have here. Keep it going! force factor

  20. Thanks , I’ve just been searching for info about this topic for a while and yours is the greatest I have found out so far. But, what about the conclusion? Are you sure about the supply?

  21. Arx Nimbus’ Thrivaca Risk Analytics Platform provides the first financially-relevant Digital Risk Profile for the enterprise, underwriters and brokers. Using a patented algorithm developed in collaboration with leading universities, the DoD and federal regulators, Thrivaca consolidates industry historical analysis, your latest analyses and assessments, proprietary vulnerability scans, audit data and actuarial mathematics to produce a complete and detailed valuation of enterprise-wide digital risk, and the top sources of current carrying cost.

  22. After research study a few of the article on your internet site currently, and I absolutely like your method of blog writing. I bookmarked it to my bookmark website listing and also will certainly be inspecting back quickly. Pls look into my internet site as well as well as let me recognize what you think.

  23. Good day! Would you mind if I share your blog with my myspace group? There’s a lot of people that I think would really appreciate your content. Please let me know. Many thanks

LEAVE A REPLY

Please enter your comment!
Please enter your name here