OBR says govt should cover insurance claims related to virus

The OBR said the policies mentioned were mostly in the right direction but most likely needed to be extended as the crisis grows each day.

“The chancellor's actions on sick pay and guarantees for small business loans were all made in the right space but things have moved on even in a week and there is the question about whether the scale is now appropriate," Mr Chote said.

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The chancellor is expected to announce further measures to curb the impact of coronavirus on businesses this afternoon.

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