Economy warning

Posted on 02 Feb 2022
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Chancellor warns UK economy will get worse before it gets better Rishi Sunak has warned that while the vaccine provides hope the UK economy will "get worse before it gets better" telling MPs on Tuesday that "the road ahead will be tough". The Chancellor said that fiscal stimulus provided so far amounted to more than £280bn, while 1.2m employers had furloughed almost 10m employees. The new national restrictions were necessary to control the spread of coronavirus, he continued, but they would have a further significant economic impact

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