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<p>On 17 March, the Government announced a package of measures totalling £350 billion
aimed at supporting the financial wellbeing of British businesses, individuals, and
families. The Government is committed to doing whatever it takes to get our nation
through the impacts of COVID-19 and, as part of this, is continually assessing all
areas of the financial sector – including rates of interest on long-term loans. The
Government is working closely with the Financial Conduct Authority (FCA) and the lending
sector on this issue and stands ready to announce further action wherever necessary.</p>
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