Monday, May 6
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Coronavirus UK: £330bn of business loans made available as PM says school closures ‘under continuous review’ – politics live

Coronavirus UK: £330bn of business loans made available as PM says school closures ‘under continuous review’ – politics live

Chancellor Rishi Sunak says he will do whatever it takes to protect jobs and incomes and is offering mortgage holidays and business grants. The day’s political developments as they happen

  • Full story: Sunak promises to guarantee £330bn loans to business
  • Coronavirus – latest updates
  • Raab advises UK public to avoid all non-essential travel
  • See all our coronavirus coverage

Johnson is winding up now.

He says the more thoroughly people can follow the advice they have been given, the more they will be able to save lives and protect the NHS, and the more quickly they will get through this.

Q: Will you level with people about how bad this will be for the economy? Is a recession inevitable?

Sunak says this will have a significant impact on the economy.

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