In full: Rishi Sunak announces foreign aid budget cut in Spending Review

About This Source - The Telegraph

The Daily Telegraph, known online as The Telegraph, is a national British daily broadsheet newspaper published in London by Telegraph Media Group and distributed across the United Kingdom and internationally. It was founded by Arthur B. Sleigh in 1855 as Daily Telegraph & Courier.

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  • 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

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    In This Story: COVID-19

    Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.

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    The main symptoms of coronavirus are:

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    • a high temperature (e.g. head feels warm to the touch)
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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.

    His father-in-law is billionaire founder of Indian IT giant, Infosys, NR Narayana Murthy.

    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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