The Business Secretary said the Government was "ready to do more" in light of yesterday's "significant intervention" of a £350 billion package.

Mr Sharma said ministers were working to get assistance out to struggling businesses as soon as they could.

"We are working at pace to make sure that happens just as quickly as possible," he told BBC1's Breakfast, and added that the Government was working on measures to support people in employment and to help renters after announcing a three-month holiday for mortgage payers.

"Of course people want us to go further. The Chancellor set out very clearly that we will be coming forward when it comes to employment measures. We will come forward with that as quickly as possible.

"I know this is a very anxious time for lots of people. They are concerned about their livelihoods. That is why we have moved so quickly to provide this £350 billion package of support.

"We will continue to provide support where it is needed. The Prime Minister has been clear that we will do whatever it takes to protect people's health, to protect people's livelihoods.

"We had a significant intervention yesterday. We are ready to do more."