Ticker
EU approves UK's coronavirus state-aid business plan
By EUobserver
The European Commission approved a €56.8bn "umbrella" scheme to help UK small and large firms affected by coronavirus. The scheme was approved under new and more flexible rules on state aid to help soften the economic fallout of the virus. Although the UK is no longer a part of the EU, it still has to follow its rules during a transition period set to last until the end of 2020.