Chancellor Rishi Sunak answering questions during coronavirus daily press briefing

Chancellor Rishi Sunak answering questions during coronavirus daily press briefing

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Social Studies, Business

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Hard

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The Chancellor addresses a question about small businesses struggling to access loans. He explains that while he is not convinced that a 100% government guarantee is the right approach, the UK has implemented significant support measures, including cash grants, business rate cuts, and a furlough scheme. He compares these efforts to those of other countries, noting that the UK's approach is more comprehensive. The Chancellor also highlights progress in loan delivery, with 12,000 loans issued to small businesses, and discusses efforts to streamline the process.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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