Britain allocates $399 billion in loans to help companies affected by the coronavirus“

Britain has announced $399 billion in loan guarantees, equivalent to 15% of its GDP, along with other measures to help affected businesses, intensifying efforts to combat <a href="https://www.alarabiya.net/ar/arab-and-world/2020/03/16/--------" href="https://www.alarabiya.net/ar/arab-and-world/2020/03/16/--------"

British Finance Minister Rishi Sonak said he is prepared to increase the size of loan guarantees to ensure that liquidity reaches all businesses that need it as activity slows.

Other measures announced include Suspending mortgage payments for three months for individuals in difficulty and extending the small business property tax suspension to all hospitality and entertainment businesses. and entertainment.

These companies will also receive a cash grant and the government will consider a subsidy package for airlines and airports.

These companies will also receive a cash grant and the government will consider a subsidy package for airlines and airports.

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