UK finance minister Sunak: We should be in no doubt about seriousness of economic situation

Market news

27 April 2020

UK finance minister Sunak: We should be in no doubt about seriousness of economic situation

Says over 4 million jobs have been furloughed
Over 20,000 coronavirus business interruption loans have now been approved
Announces new micro loan scheme for small businesses
Says businesses can borrow up to 25% of turnover up to GBP50,000
Loans will not be tested against business future viability
Government will guarantee hundred percent of small business loan
Government will pay interest on small business loans for first 12 months

Dallas Fed Manufacturing Index hits new historical low in April

ECB: Strong communication this week - priceless - ING

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