Architects and the construction industry have been given the chance to access a £330bn credit lifeline by the chancellor to support them through the coronavirus pandemic.

In the second of the government’s daily press conferences, Rishi Sunak said the government would offer guarantees to stand behind commercial loans to businesses to ensure that firms can get access to the funding they need.

Sunak said the government will make more funding available should demand for the loans outpace supply.

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