Sunak’s spending spree: How will the UK pay for coronavirus aid?

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  • 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

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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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  • 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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