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The UK government is under pressure to take further measures to tackle the crisis after UK Health Minister Nadine Dorries announced on Tuesday that she had been diagnosed with COVID-19.The Bank of England has slashed UK interest rates from 0.75% to 0.25% in an emergency move to shore up the UK economy in the face of the coronavirus outbreak.said that the decision had been taken due to the fact that "Indicators of financial market uncertainty have reached extreme levels.
"Such issues are likely to be most acute for smaller businesses. This economic shock will affect both demand and supply in the economy." Measures likely to be revealed by Sunak include a temporary cut to business rates and an emergency fund for small businesses.
Need some proactive actions from RBI and nsitharamanoffc - Reduce rate by 50 bps. Withdraw LTGG, increase tax limit by 100k, GST surcharge reduction in auto by minimum 4% B VI cost pressure & compensate by petro price increase of Rs1-3...make this win-win for economy and Govt
daymaloney
india is so alien to 'protecting the economy' thing xD
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Source: CNBC - 🏆 12. / 72 Read more »