Funding the pandemic: Chancellor outlines aid cuts and pay freezes

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  • Sky News published this video item, entitled “Funding the pandemic: Chancellor outlines aid cuts and pay freezes” – below is their description.

    The Chancellor Rishi Sunak has announced a public sector pay freeze, excepting NHS workers, and a cut to foreign aid spending to cushion the blow of the coronavirus pandemic. The OBR – the Office for Budget Responsibility – has forecast a 11.3% contraction in the UK economy this year – the largest fall in output for more than 300 years. And UK is borrowing forecast to reach £394bn this year – that’s equivalent to 19% of GDP. Listen to Mr Sunak explain the condition the economy is in.

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