Rishi Sunak Coronavirus hospital country economy Rishi Sunak

Budget 2020: Chancellor Rishi Sunak's speech setting out £30bn to tackle coronavirus in full

Reading now: 562
www.mirror.co.uk

After less than a month in office Rishi Sunak has delivered his first budget in the face of the coronavirus crisis. His hastily-rewritten plan acknowledged the "challenging times" faced by the economy.

And his big ticket item was a £30 billion package to stimulate the economy in the face of the virus as growth forecasts were slashed and the Bank of England announced an emergency cut in interest rates.

Mr Sunak said there was "likely to be a temporary disruption" to the economy but insisted his plans would bring "stability and security".

The scale of the challenge facing the economy was underlined by the Office for Budget Responsibility (OBR) in forecasts prepared before the full impact of the virus could be known.

Read more on mirror.co.uk
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA