You are here
Britain pledges £30b package to combat coronavirus
[LONDON] Britain unveiled Wednesday a package of stimulus measures worth £30 billion (S$53.8 billion) to fight the growing threat from the coronavirus epidemic to the economy.
"I am announcing today in total a £30-billion fiscal stimulus to support British people, British jobs and British businesses through this moment. And of course if further action is needed if the situation evolves... I will not hesitate to act," finance minister Rishi Sunak said in the country's first post-Brexit budget.
He told parliament it was a "comprehensive" response to the virus fallout.
Mr Sunak said the economy faced a "significant impact" from the spread of the virus, even if the hit would be temporary.
"Our economy is robust, our public finances are sound, our public services are well-prepared," he said as he began an annual budget speech to parliament on Wednesday.
"I will do whatever it takes to support the economy."