FT News Briefing UK weighs new lockdown, ECB measures bond buying program, Trump on Chinese tech
Sep 21, 2020
As winter approaches, the UK is poised to extend its business support loans to combat the rising tide of COVID-19. The European Central Bank is undertaking a major review of its pandemic crisis tool. Meanwhile, Donald Trump unveils plans for a 'patriotic' education fund linked to the Oracle-ByteDance partnership. Plus, insights into how the poisoning of Alexei Navalny could impact the controversial Nord Stream 2 pipeline stir up energy politics in Europe.
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UK COVID-19 Response
- The UK government expects a challenging winter due to rising COVID-19 infections.
- They are considering stricter local lockdowns and possible national restrictions.
UK Economic Support
- The UK government plans to extend emergency business loans due to the worsening COVID-19 situation.
- Chancellor Rishi Sunak is under pressure to extend the furlough scheme to prevent unemployment spikes.
Conservative Party Frustration
- Conservative MPs are frustrated with Boris Johnson's handling of the crisis, viewing his response as "unconservative."
- Some MPs want votes on individual virus control measures, signaling a potential rebellion.