British Finance Minister Rishi Sunak is announcing the government’s new plan to support the economic recovery and the labour market. Key quotes (via Reuters) “Extending the deadline of all loans schemes to end of this year.” “Will allow businesses to spread vat bill due in March.” “Bounce-back loans will be extended to 10 from 6 years.” “Firms in trouble can suspend repayments for 6 months.” “Will extend government guarantee on Coronavirus Business Interruption Loan Scheme (CBILS) loans for up to 10 years.” “Will launch a successor loan guarantee scheme to begin in January.” Market reaction These remarks don’t seem to be having a significant impact on market sentiment. As of writing, the UK’s FTSE 100 Index was still down 0.3% on the day at 5,881. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next BoT could leave rates unchanged for the rest of the year – UOB FX Street 1 year British Finance Minister Rishi Sunak is announcing the government's new plan to support the economic recovery and the labour market. Key quotes (via Reuters) "Extending the deadline of all loans schemes to end of this year." "Will allow businesses to spread vat bill due in March." "Bounce-back loans will be extended to 10 from 6 years." "Firms in trouble can suspend repayments for 6 months." "Will extend government guarantee on Coronavirus Business Interruption Loan Scheme (CBILS) loans for up to 10 years." "Will launch a successor loan guarantee scheme to begin in January." Market reaction These remarks don't seem to be… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
