The Government has launched its ‘Coronavirus Business Interruption Loan Scheme’ today with the offer of interest and fee-free government-backed loans of up to £5m to SMEs.

The Bank of England’s Monetary Policy Committee cut the bank base rate today from 0.25% to 0.1%.

The Bank of England’s Monetary Policy Committee voted unanimously today to cut the bank base rate from 0.75% to 0.25%.

The Bank of England’s Monetary Policy Committee voted by a majority of 7-2 for a second month to maintain the Bank Rate at 0.75%.