Chancellor plays down hopes of quick economic recovery
about 5 years in The guardian
Rishi Sunak warns UK facing recession ‘the likes of which we haven’t seen’ due to Covid-19 crisis
The chancellor, Rishi Sunak, has warned that Britain is facing a “severe recession, the likes of which we haven’t seen” and lasting economic damage from the coronavirus pandemic.
In a downbeat assessment of the country’s economic prospects after a sharp rise in unemployment benefit claims, the chancellor warned a Lords committee it was “not obvious there will be an immediate bounceback” from recession. Continue reading...
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