Sunak promises £330bn of government-back loans and guaranteespublished at 17:25 Greenwich Mean Time 17 March 2020
Chancellor Rishi Sunak says the coronavirus is "a public health emergency but also an economic emergency".
He promises government intervention "on a scale unimaginable only a few weeks ago".
"The government will stand behind business small and large," he says and announces government backed loans "to get businesses through this".
He says this will amount to £330bn of guarantees.