Coronavirus: UK stocks dive despite stimulus plans

UK stocks tumbled on Wednesday as major UK and US stimulus plans failed to quell worries about the economic impact of the coronavirus pandemic.
The FTSE 100 index of top UK firms dived more than 5%, with aerospace firms, travel companies and housing firms leading the declines.
The pound meanwhile hit a six-month low against the dollar to trade at $1.1966.
It came despite the US on Tuesday outlining a $1tn (£830bn) package to support the world's biggest economy.
UK chancellor Rishi Sunak also revealed a £350bn stimulus package for UK firms, including £330bn of business loan guarantees.

It also included aid to cover a business rates holiday and grants for retailers and pubs. Help for airlines is also being considered.
Mr Sunak told a news conference: "Never in peacetime have we faced an economic fight like this one."

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