First Indian-origin Finance Minister of UK unveiled 330-Billion Pound Rescue Package

The first Indian-origin Finance Minister of the United Kingdom Rishi Sunak unveiled a 330-Billion Pound Rescue Package, which aims to help the businesses of the country to survive the impact of the coronavirus pandemic.

The £330 billion of loan guarantees will help them meet their day to day needs during the lock-down. He also extended a business rates holiday and cash grant to all businesses in the retail and hospitality sector for 12 months.