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Coronavirus: UK government offers US$6.2 billion to support businesses as third lockdown begins

England on Tuesday entered a strict national lockdown aimed at stemming a steep rise in virus cases that a senior government minister warned could last into March.Britain’s economy now looks likely to tip back into recession – shrinking in the final quarter of 2020 and the first quarter of 2021 – after suffering a record 25 per cent fall in output in the first two months of lockdown in 2020. The government offered a £4.6 billion (US$6.2 billion) support package for businesses to soften the blow…

Read the original article at South China Morning Post

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