March 17, 2020 / 7:08 PM / 13 days ago

UK will have to come back with more help for companies - IFS think-tank

LONDON (Reuters) - Britain will have to provide more help for companies hit by the spread of coronavirus, a leading economic think-tank said, shortly after Chancellor of the Exchequer Rishi Sunak announced a 330 billion-pound loan guarantee lifeline and other measures.

“He will need to come back with more,” Paul Johnson, director of the Institute for Fiscal Studies, said.

The long-run costs of the loans for the public finances were highly uncertain, he said in a statement.

Writing by William Schomberg, editing by Estelle Shirbon

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