Chancellor Rishi Sunak begins with a few words on today’s economic outlook from the UK Office for Budget Responsibility.
He says “these are tough times” and it will be impossible to protect every household and business.
He adds that the prediction “may not even be the most likely scenario”.
He says the OBR has been “clear” that the situation would have been “much worse” without government action announced so far.
Rishi Sunak adds that the UK’s strategy is not about “choosing” between people’s health, and the health of the economy.
It would be “self-defeating” from an economic point of view, he adds, not to take action to protect people’s health.
He says the latest death figures for the UK are a “powerful reminder” of the need for people to follow social distancing advice.
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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.