Coronavirus update: PM says government will do "whatever it takes"

Published by Ross Hindle on March 17th 2020, 5:05pm

In the Prime Minister's daily conference on the Covid-19 outbreak -- where he was joined by Chief Scientific Advisor Sir Patrick Vallance and Chancellor Rishi Sunak -- a number of economic support measures were announced.

Among them were government-supported loans of £330 billion to support businesses across the UK, possible support for airlines and airports, a mortgage "holiday" for three months, cash grants for "immediate liquidity" and a full year without business rates.

With regards to the challenge to build a large number of ventilators -- something that has been a topic of great discussion across the world this week -- Mr Johnson said businesses would be "working incredibly hard in the next few weeks - and we really only have a few weeks - to build literally thousands of ventilators".

He complimented UK plc on its efforts, however, saying that British industry was "responding to this challenge with incredible energy".

The Foreign and Commonwealth Office also announced that they would be advising against non-essential global travel for 30 days, with the period described as "initial" and "subject to ongoing review" by foreign secretary Dominic Raab.

Elsewhere in the UK, the NHS announced that all "non-urgent" surgery would be postponed. General secretary of the ASCL, a representative group for head teachers, has said that schools would "struggle" to operate past Friday.

Across the world, deaths in Spain have "surged", reaching almost 500. In the US, health officials have advised that funerals should move to live-streaming, and popular music artists such as Coldplay, Yungblud and Christine And The Queens have begun live-streaming concerts to help with isolation efforts across the world.

In Israel, PM Benjamin Netenyahu has announced that emergency security measures will be used for 30 days to track mobile data of people who are suspected to have contracted the virus. The laws were passed during an emergency overnight cabinet session, without parliamentary approval.

And in spite of Monday's considerable downturns in the financial markets, shares across the world have experienced a "bounce"; in the US, stocks are up 6 per cent across the board, and the FTSE 100 is now up 2.5 per cent.

The Leaders Council will publish its next coronavirus update tomorrow morning.

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Ross Hindle
Content Director
March 17th 2020, 5:05pm

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