March 17, 2020 / 5:20 PM / 19 days ago

UK's Sunak says coronavirus aid will be on an 'unimaginable' scale

FILE PHOTO: Newly appointed Britain's Chancellor of the Exchequer Rishi Sunak leaves Downing Street in London, Britain February 13, 2020. REUTERS/Toby Melville/File Photo

LONDON (Reuters) - British finance minister Rishi Sunak said the coronavirus outbreak would require government support on a previously unimaginable scale, starting with 330 billion pounds ($398 billion) of loan guarantees for businesses.

“This struggle will not be overcome by a single package of measures or isolated interventions,” he said at a news conference. “This national effort will be underpinned by government interventions in the economy on a scale unimaginable only a few weeks ago.”

Reporting by David Milliken and Estelle Shirbon; editing by Stephen Addison

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