Tuesday, June 15News For London

COVID-19 vs Economy: Is there financial aid for businesses and workers during quarantine?

In 2020, an outbreak of the novel coronavirus, also known as COVID-19, has led many countries to take measures and introduce quarantine.

A quarantine is a restriction on the movement of people and goods which is intended to prevent the spread of disease or pests. (Source: https://en.wikipedia.org/wiki/Quarantine

Italy became the first European country to announce a lockdown in the 14 northern regions on 9th of March 2020 because of COVID-19.

In order to avoid financial crisis, governments of these countries introduced certain financial aid that aims at supporting small and medium businesses and the employees. 

Currently, only essential businesses are allowed to operate in the UK, such as supermarkets, drugstores, pharmacies, police stations, fire departments and hospitals. 

But how are people who cannot work from home cope with the current situation? How is the UK doing compared to some other countries? Watch the video to find out.