Sunak announces £330bn plan for business

Rishi Sunak has repeatedly vowed to do “whatever it takes” to support the hospitality industry, 24 hours after the PM warned the UK to avoid socialising in pubs and restaurants. The chancellor announced a 12 month break in business rates for all, and announced an “unprecedented” package of £330bn in “guaranteed loans to get through this. Any business that needs access to cash to pay rent, suppliers, salaries or stock will be able to access loan or credit on attractive terms.