Interest rate cut as Bank of England responds to coronavirus crisis
A Budget day interest rate cut has been announced by the Bank of England alongside a new scheme to support additional borrowing by SMEs.
The Bank of England has launched its own response to the impact of coronavirus, with a "comprehensive and timely" package of measures as it seeks to innoculate the UK economy from the worst.
It has warned the country faces "an economic shock that could prove sharp and large", albeit one that is temporary.
In a statement, the Bank of England said: "These measures will help to keep firms in bu... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
