Saturday update
Daily Business Live: Sanitiser; insolvency; Jack virus alert
6.05pm: Sanitiser fast-tracked
Business Secretary Alok Sharma is cutting red tape to help get hand sanitiser to market more quickly.
Companies including Brewdog, Diageo and Ineos have offered to create hand sanitiser. HMRC confirmed manufacturers of hand sanitisers and gels will have their applications fast-tracked.
6pm: Insolvency change
Companies undergoing a rescue or restructure process will be allowed to continue trading, giving them breathing space to help them avoid insolvency.
12.30pm: Lottery supports virus victims
The National Lottery is distributing up to £300 million to the most vulnerable across the UK during the corona crisis.
Charities and voluntary organisations will receive a cash injection over the coming months.
12.25pm: Jack gets virus symptoms
Scottish Secretary Alister Jack is the latest UK Cabinet minister to suffer from coronavirus symptoms.
He said: “In the past 24 hours, I have developed mild symptoms associated with coronavirus. In line with medical guidance, I am self-isolating and working from home.”
Mr Jack, the Conservative MP for Dumfries and Galloway, has a mild temperature and a cough and has not been tested.
Prime Minister Boris Johnson and Health Secretary Matt Hancock have test positive.
