Reply To: 3/23: UK Prime Minister Orders Nationwide Lockdown
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British Prime Minster Boris Johnson addressed the U.K. today with a plan to help small businesses that are suffering during the coronavirus outbreak.
UK Chancellor Rishi Sunak promised grants and government-backed loans worth more than £300bn interest free for one year. Mortgages are also part of the relief effort with a “three month holiday” to help those struggling to make payments. Johnson also encouraged businesses to file a claim with their insurance company, if they do not meet the requirements for a claim they can apply for a government-back cash grant up to £25,000.