Rolling coverage of the latest economic and financial news as the US reports another 6.6 million in jobless claims amid the coronavirus lockdownCoronavirus – latest updatesSee all our coronavirus coverage 3.02pm BST Fed chair Jerome Powell is about to speak on the crisis via a webinar. Watch it here.Here’s a breakdown of the Fed’s measures announced today (press release here) as part of its new $2.3tn stimulus package: 2.55pm BST Scottish businesses are on the brink of collapse, costing thousands of jobs, because ministers in Edinburgh have failed to give them the same emergency funding as firms in other parts of the UK, Nicola Sturgeon has been warned.Jackson Carlaw, the Scottish Tory leader, said the Scottish government had not matched the grants given to English firms, where a business gets £25,000 for every premises forced to shut during the lockdown.That puts any firm in Scotland with more than one outlet at a huge disadvantage compared to those in England and Wales. Businesses on our high street are dealing with the reality not the theory of this crisis.So every penny is being passed on, but we’re trying to do that in as fair a way as possible, that captures and provides assistance to as many businesses as possible. I’m acutely that there will be further support that businesses require in the period to come. Continue reading…
Via: Fed rolls out .3tn stimulus as US jobless claims surge by 6.6m – business live
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