Britain ordered schools to shut down as the coronavirus crisis worsened on Wedne...
LONDON - Britain ordered schools to shut down as the coronavirus crisis worsened on Wednesday, with panic buying forcing supermarkets to ration food and the pound plunging to its lowest levels in more than three decades.
The pound plunged to its lowest level since March 1985, barring levels seen during a freak “flash crash” in October 2016. British stock markets fell for the eighth day in 10 as more companies warned of a severe hit to earnings.Following a host of other nations, the government announced most schools would close after the end of lessons on Friday, although some would be asked to stay open to provide childcare for essential workers such as National Health Service staff.
Earlier, Scotland’s semi-autonomous government announced it would close Scottish schools from Friday and there was no guarantee they would reopen before the long summer break. Britain and EU member states are supposed to be working on a new deal encompassing everything from trade to security, but the coronavirus crisis has raised widespread concerns that an already tight time-frame was now unrealistic.
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