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17 March 2020

Daily briefing with Boris Johnson, Rishi Sunak, Patrick Vallance – £330bn to support economy

Summary

Prime Minister Boris Johnson makes the following key points. The steps being taken are necessary to avoid overwhelming the NHS. 'This is a disease that is so dangerous and so infectious that without drastic measures to check its progress it would overwhelm any health system in the world.' He signals future measures that may follow, 'I stress that although the measures announced are already extreme, we may well have to go further and faster in the coming days to protect lives and the NHS.' The government has the resources to 'win the fight' against COVID-19. It will support the NHS, businesses, families, individuals. He says, 'to repeat, this government will do whatever it takes'.

Chancellor Rishi Sunak describes wide-ranging measures to support businesses and individuals, amounting to £330bn. He signals further measures to follow to support people's financial security saying, 'the coronavirus pandemic is a public health emergency. But it is also an economic emergency.' 'This is not a time for ideology and orthodoxy. This is a time to be bold. A time for courage.' 'We have never faced an economic fight like this one. But we are well prepared. We will get through this. And we will do whatever it takes.'

Source(s)

Gov.uk speech – Prime Minister's statement on coronavirus

Gov.uk speech – Chancellor's statement on COVID-19 response