Chancellor Rishi Sunak defends the government’s decision to force all non-essential businesses to remain shut

Credit: Twitter

Chancellor Rishi Sunak defends the government’s decision to force all non-essential businesses to remain shut after a predicted fall in GDP due to the coronavirus pandemic.

He said tough times were ahead but the UK’s economy would quickly recover when lockdown restrictions are lifted and the situation would have been worse had the government not borrowed high amounts to support businesses though the crisis.

The independent Office for Budget Responsibility (OBR) predicted a 35 per cent fall in GDP if lockdown remains in place for three months with another three months of relaxed restrictions.

But they remain confdent the country will recover and the government’s coronavirus job retention scheme would soften the blow.

 

FacebookTwitterRedditWhatsAppTelegramLinkedInEmailCopy Link
Go Back
Written by

Lizzie Day

Comments


    Leave a comment

    Your email address will not be published.