In what has been described as “unprecedented”, the Chancellor of the Exchequer, Rishi Sunak MP, has unleashed a £330-billion package to help bolster the economy in the face of the Covid-19 outbreak.
Paul Davies AM, the Leader of the Welsh Conservatives in the Assembly, has welcomed the release of the funding.
He said:
“The Coronavirus outbreak is arguably the greatest peacetime threat the United Kingdom has faced, and as such requires an equal and appropriate response.
“The £330bn bailout promised – some 15 percent of GDP – by the Chancellor has delivered this, with the indication that more might be released if the need arises.
“It remains a terribly uncertain time for families and businesses, but this will go some way to reassure all in the UK that the Conservative Government is prepared to do whatever it takes to shore up the economy."
