PA Mike Egerton By mid-March it had become clear within the Treasury that radical new measures would be needed to keep the UK economy from entering into a state of freefall.
Firms everywhere, in every sector, faced a fight for their survival. Social distancing and the emergency new measures introduced in response to coronavirus, alongside the growing prospect of a lockdown, had driven the economy to near standstill.
For his part, Rishi Sunak had already announced support worth nearly £400bn to help businesses survive the lockdown, through a series of tax breaks, loans and grants, but with MPs from every party, […]
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