The British government on Wednesday announced a fiscal stimulus package of £30 billion ($38.7 billion) in response to the global coronavirus outbreak.

Chancellor Rishi Sunak announced the 2020 budget in the House of Commons, detailing the government’s economic plans after warning that the virus would have a “significant impact.”

“Taken together, the extraordinary measures I have set out today represent £7 billion to support the self-employed, businesses and vulnerable people,” Sunak said.

“To support the NHS and other public services, I am also setting aside a £5 billion emergency response fund – and will go further if necessary,” he

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