British Finance Minister Rishi Sunak is announcing the government's new plan to support the economic recovery and the labour market.
Key quotes (via Reuters)
"Extending the deadline of all loans schemes to end of this year."
"Will allow businesses to spread vat bill due in March."
"Bounce-back loans will be extended to 10 from 6 years."
"Firms in trouble can suspend repayments for 6 months."
"Will extend government guarantee on Coronavirus Business Interruption Loan Scheme (CBILS) loans for up to 10 years."
"Will launch a successor loan guarantee scheme to begin in January."
These remarks don't seem to be having a significant impact on market sentiment. As of writing, the UK's FTSE 100 Index was still down 0.3% on the day at 5,881.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.