London
Britain’s finance minister Rishi Sunak on Sunday warned that the British economy was under “enormous strain” because of the coronavirus, ahead of a government spending review next week But he ruled out a return to austerity measures.
Economic forecasts to be released alongside his Wednesday spending review would show “the enormous strain and stress that our economy is experiencing”, Sunak told Sky News.
The findings of independent forecasters the Office for Budget Responsibility—as well as the 750,000 job losses from coronavirus—would have to be taken “in the round as we consider the best way to fight the virus”, he said.
Despite the profound impact of the coronavirus on Sunak’s spending review, he rejected a possible return to austerity measures on the economy.—APP
