Sunak warns of 2.6mn unemployed as UK faces historic recession ...Qatar

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Chancellor of the Exchequer Rishi Sunak warned the UK will suffer its deepest recession in more than 300 years as a result of the coronavirus pandemic, with 2.6mn unemployed, as he set out government spending plans. “Our health emergency is not yet over and our economic emergency has only just begun,” Sunak told Parliament yesterday. “So our immediate priority is to protect people’s lives and livelihoods.” In his statement to the House of Commons, Sunak announced: A pause to pay rises for public sector workers in non-health roles; an increase in the National Living Wage to £8.91 ($11.89) an hour; that the economy is expected to contract 11.3% this year, the biggest drop in more than three c

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Last updated : 25 Nov 2020 clock 10:45 PM

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Sunak warns of 2.6mn unemployed as UK faces historic recession ...Qatar

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