Chancellor Rishi Sunak warns UK economy will shrink by 11% this year

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  • Channel 4 News published this video item, entitled “Chancellor Rishi Sunak warns UK economy will shrink by 11% this year” – below is their description.

    The chancellor, Rishi Sunak, has spelled out the devastation inflicted on the economy by coronavirus. Announcing his spending review in the Commons, he warned: “The economic emergency has only just begun.” He published statistics showing that the nation’s finances have been damaged in a way not seen for decades, if not centuries. And he predicted a steep rise in unemployment by next year. In the first sign of the tough remedies likely in the future, he did away with the commitment to spend 0.7% of GDP on overseas aid. ———————– Follow us on Instagram – https://www.instagram.com/Channel4News

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  • In This Story: Rishi Sunak

    Rish Sunak is a British Conservative Party MP, who was originally elected as a Member of Parliament in the Richmond (Yorks) constituency in 2015.

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    Sunak experienced a meteoric rise, first to be selected for the “safest” Conservative seat in the UK, he would later become the UK Chancellor of the Exchequer in under five years.

    Brief Biography Here.

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