The Telegraph published this video item, entitled “Sunak’s spending spree: How will the UK pay for coronavirus aid?” – below is their description.
The “economic emergency” caused by coronavirus has only just begun and there will be “lasting damage” to the UK, chancellor Rishi Sunak warned as he set out his Spending Review this afternoon. Official forecasts show the UK economy is expected to shrink by 11.3 per cent this year, the worst recession for more than 300 years. The Chancellor told MPs the Office for Budget Responsibility did not expect the economy to return to its pre-crisis levels until the final quarter of 2022. The Telegraph’s economics editor Russell Lynch looks at which avenues Rishi Sunak could take in order to repay the money that’s being spent on the economic recovery. Subscribe to The Telegraph on YouTube ► https://bit.ly/3idrdLH
The Telegraph YouTube Channel
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