The Telegraph published this video item, entitled “In full: Rishi Sunak announces foreign aid budget cut in Spending Review” – below is their description.
Rishi Sunak unveils a £4.3 billion New Deal-style package to get one million people back into work amid warnings that unemployment could continue rising until next summer. The Chancellor will promise that no one will be left “without hope or opportunity” after redundancies reached record levels. The Office for Budget Responsibility, the Treasury’s watchdog, is expected to predict that unemployment, currently at 4.8 per cent, could go as high as eight per cent by the summer – after the end of the furlough scheme – before it starts to fall. The OBR is also expected to forecast that the economy will have shrunk by 10 per cent by the end of this year – the worst performance in 300 years. The Resolution Foundation think tank believes the OBR will forecast a permanent reduction of three per cent in the UK’s GDP due to the economic “scarring” of coronavirus – the equivalent of £1,000 per person. For the latest developments, follow our liveblog here: https://www.telegraph.co.uk/global-health/science-and-disease/coronavirus-news-lockdown-tiers-local-restrictions-gyms-shops/ Subscribe to The Telegraph on YouTube ► https://bit.ly/3idrdLH
The Telegraph YouTube Channel
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