Finance minister Rishi Sunak declined on Friday to say whether he would bring forward his next budget statement, due in the autumn, to spell out how he will tackle Britain's surging debt
Under the plan, which is named "Project Birch", the finance minister has raised the UK Treasury's capacity to handle bespoke bailouts of "viable" companies which have exhausted all options
The spread of the novel coronavirus - and lockdown measures introduced to contain it - has ravaged the British economy, with many non-essential businesses told to close
Firms will get advice on different types of workplace activity, including operating outdoors or inside someone else's home, according to two people with knowledge of the government's plans.
The UK government must by law review the lockdown measures in place at the next three-week mark, which falls on May 7
While more than half of UK companies are expected to apply for government grants to pay furloughed employees, critics say they expect too much of the cash to go where it's not needed.
To all those at home right now, anxious about the days ahead, I say this: you will not face this alone, Rishi Sunak said
Sunak on Tuesday announced a whopping 330-billion pounds worth of rescue measures in the House of Commons
Finance minister Sunak said he was ready to increase the size of the loan guarantees to ensure cash gets to all companies needing it as their businesses slump
His appointment has been widely welcomed, with the Pound Sterling rallying to a two-month high following the announcement
Rishi Sunak, who went to Oxford and Stanford, became MP just five years ago
Sunak, the son-in-law of Infosys Co-founder Narayana Murthy, will join Home secretary Priti Patel on the top government bench as UK Chancellor of the Exchequer
The UK-born is married to Murthy's daughter Akshata Murthy
Sunak, son-in-law of Infosys co-founder N R Narayana Murthy, will be the first person of Indian origin to be sworn in as the UK's PM