Sunak to set out £4.3bn jobs plan
Rishi Sunak will on Wednesday set out a £4.3bn plan to tackle the spectre of mass unemployment, as the chancellor braces Britain for the brutal economic fallout from the coronavirus crisis.
Mr Sunak will tell MPs in his spending review that his number one priority is to protect jobs and livelihoods. The chancellor is due to say that now is not the right time to start a fiscal consolidation, even as he publishes what government officials admitted were scary new forecasts showing the economic destruction caused by the Covid-19 pandemic.
The Office for Budget Responsibility’s forecasts are expected to show much higher unemployment and unsustainable public finances. Britain’s fiscal watchdog is set to warn that after the Covid-19 slump in output this year, with huge exp...
