Central banks around the world have implemented a surprise interest rate cut in a co-ordinated bid to tackle the growing economic crisis.
The UK rate was cut by half a percent - the biggest reduction for 7 years.
The Prime Minister and the Chancellor also announced a taxpayer-funded bail-out scheme for the country's major banks.
It could run into hundreds of billions of pounds.
Sky's Joel Hills reports... ( read more )
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The UK government has announced a bailout package for the country's major banks. In response to the ongoing economic uncertainties brought about by the COVID-19 pandemic, the government has decided to support the banking sector to ensure financial stability and confidence in the market. The package, worth £1.3 billion, includes a range of measures des
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