The Bank of England has announced an emergency cut in interest rates to shore up the economy in the wake of the coronavirus outbreak.
Policymakers reduced rates from 0.75% to 0.25%, taking borrowing costs back down to the lowest level in history, BBC reports.
The Bank said it would also relax capital rules to free up billions of pounds of extra lending power.
The chancellor is expected to use his first Budget to announce further measures to support growth and jobs.
The number of coronavirus cases in the UK has risen again and a sixth person who had the virus has died. The man, who was in his early 80s, had underlying health conditions.
A total of 373 UK cases was announced as of 0900 GMT - a rise of 54 from the previous day - with a further nine cases confirmed by health officials in Wales later.