The British Government Come With Extra Billions to Avert the Corona Crisis

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The British government is allocating a further 4.6 billion pounds to guide companies through the corona crisis.

 

The United Kingdom recently announced a strict lockdown to combat the rapidly increasing number of corona infections in the country.

Finance Minister Rishi Sunak said companies in the retail, hospitality and recreation sectors, among others, could apply for a one-time grant of up to £ 9,000. They can use that money to get through the first months of this year.

Prime Minister Boris Johnson announced that the country would be locked to bring down the high number of corona cases due to a highly contagious variant of the virus.

The virus is spreading so quickly in the United Kingdom that it could cause significant problems in the healthcare sector within three weeks, according to the British National Health Service (NHS).

In addition to the grants, worth around £ 4 billion, the UK government will provide £ 594 million in funding to Scotland, Wales and Northern Ireland.

Sunak said in November that measures taken so far to help the economy get through the pandemic would cost about £ 280 billion this fiscal year.

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