The government’s job retention scheme, which pays businesses a grant to cover 80% of workers' wages, might cost more than expected.The value of the pound plummeted in response to the news that Boris Johnson was moved to an intensive care unit yesterday evening.The financial fallout of coronavirus will have the biggest impact on the under 25s, women, and people on low incomes. UK retail sales had their worst month on record in March, as shoppers ditched fashion and lifestyle goods in favour of buying up the essentials.Almost a million people have successfully claimed for universal credit in the past fortnight. Nationwide has said it will temporarily limit their mortgage offering to customers with over 25% deposit, after government advice told people not to move house. Carluccios and rent-to-own firm Brighthouse both entered administration yesterday, putting over 4,500 jobs at risk.The price of oil has dropped to its lowest in 18 years.Yesterday Chancellor Rishi Sunak announced that self-employed people can get a grant worth 80% of their profits, up to £2,500 a month.The Department for Work and Pensions (DWP) says almost 500,000 people have applied for Universal Credit in the last nine days.Global stock markets have rallied after the US announced $1.8 trillion (£1.5 trillion) in economic relief to help struggling industries.Last night Boris Johnson told the UK public to stay home. 
