The EU are giving British business £50billion umbrella scheme to support British businesses affected by the corona virus
BRUSSELS (Reuters) - The European Commission said on Monday it had approved a 50 billion pound British “umbrella” scheme to support companies affected by coronavirus outbreak.
The approval is in line with modified EU rules allowing a temporary and limited amount of aid to businesses facing a sudden shortage of liquidity. The British aid would take the form of grants, equity injections, tax advantages and loans.
Every little helps?. Thank you EU
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