Rishi Sunak unveils $400 billion lifeline for UK firms hit by coronavirus

Britain said it would launch a 330 billion-pound ($399 billion) lifeline of loan guarantees and provide other help to business facing the risk of collapse as it ramped up its attempt to fight the economic hit from coronavirus. "This is not a time for ideology and orthodoxy," finance minister Rishi Sunak said on Tuesday, speaking alongside Prime Minister Boris Johnson.

"This is a time to be bold, a time for courage." Sunak said he was ready to increase the size of the loan guarantees - already equivalent to.

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