The Bank of England has cut interest rates and announced help for businesses in an emergency move to provide support amid the coronavirus crisis.
Hours before the chancellor Rishi Sunak prepared to deliver his budget, which is expected to contain details of government measures, the Bank said it had cut interest rates from 0.75% to 0.25%.
It followed the lead set by the US Federal Reserve, which also cut its core rate by a similar margin last week following an unscheduled meeting of policymakers.
Read more via Sky News/ BoE
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