LONDON (AP) — Mayors representing big cities in northern England have slammed the British government’s latest wage support package for employees in businesses that may be ordered to close as part of efforts to suppress local coronavirus outbreaks.

In a virtual press briefing Saturday, the opposition Labour leaders of the metropolitan areas around Liverpool, Manchester, Newcastle and Sheffield sounded the alarm about the economic hardship their cities are likely to face.

The four leaders vented their frustration at what they consider to be the Conservative government’s secretive and top-down approach to decision making and criticized a failure to provide the scientific reasoning behind anticipated changes to lockdown restrictions.

“The north of England is staring the most dangerous winter for years right in the face,” said Andy Burnham, the mayor of Greater Manchester, a region with a population of more than 2.5 million. “We will not surrender our constituents to hardship nor our businesses to failure.”

Prime Minister Boris Johnson is on Monday expected to back a new three-tier local lockdown system, which could see hospitality venues in coronavirus hotspots in England being temporarily closed. Though new coronavirus infections are rising throughout England, cities in the north have seen the most acute increases. Pubs in Scotland’s biggest cities, Glasgow and Edinburgh, have already had to close for 16 days.

Ahead of that announcement, Treasury chief Rishi Sunak revealed on Friday details of a new financial support package that will see the government pay two thirds of the salaries of workers in companies that have to shut up shop.

Under the terms of the package, the government will from Nov. 1 pay 67% of the salaries of workers who won’t be able to work, up to a maximum of 2,100 pounds ($2,730) a month. Sunak also said cash grants for businesses required

LONDON (Reuters) – Bank of England Governor Andrew Bailey said the central bank was realistic about the challenges negative interest rates would pose for the banking system, but repeated he was not ruling them out as a way to help Britain’s economy.

Bailey said the big share of retail deposits – which have tended to continue offering positive rates to investors even in countries which have cut rates below zero – in Britain’s banking system could reduce the effectiveness of any BoE negative rates.

“That does not mean to say that we rule out using negative interest rates for a moment,” Bailey said in an online speech given to Queen’s University Belfast on Tuesday.

“It means to say we are realistic enough, I think, to know that the transmission mechanism would be affected.”

Sterling jumped by half a cent against the U.S. dollar on Bailey’s comments before falling back.

Investors have been trying to work out the likelihood of the BoE following the lead of the European Central Bank and the Bank of Japan, as well as other central banks, and taking rates below zero for the first time.

The BoE said this month it would look during the fourth quarter at how it might be able to implement negative rates if needed, building on an announcement in August that the option was part of its toolbox.

Deputy Governor Dave Ramsden said on Monday he thought the floor for the central bank’s key interest rate remained at its current level of 0.1%.

But another interest rate setter, Silvana Tenreyro, said in a weekend newspaper interview that the BoE’s investigation into whether negative rates might help the economy had found “encouraging” evidence.

Bailey reiterated that the BoE had not reached a judgement on whether or when to use sub-zero rates for

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