UK unveils £330 billion lifeline for firms hit by coronavirus

LONDON (Reuters) - Britain said it would offer 330 billion pounds of loan guarantees, equal to 15% of its gross domestic product, and other measures to help struggling business as it ramped up its attempt to fight the economic hit from coronavirus."This is a time to be bold, a time for courage," Chancellor of the Exchequer Rishi Sunak said, speaking alongside Prime Minister Boris Johnson.Sunak said he was ready to increase the size of the loan guarantees to ensure cash gets to all companies..