The extent of the financial and monetary disaster dealing with the UK has been spelled out by the chancellor Rishi Sunak.
He instructed MPs that the price of preventing the pandemic has led to report authorities borrowing and the steepest financial decline in additional than three centuries.
Subsequent yr greater than 2.5m individuals could possibly be out of labor within the UK. This yr the federal government shall be borrowing practically £400 billion, the best ever in peacetime.
Most public sector employees will get a pay freeze — aside from NHS workers and people incomes lower than £24,000 a yr.
The UK’s Workplace for Price range Duty has calculated that the UK economic system will shrink by greater than 11% this yr alone.
Huw Edwards presents BBC Information at Ten reporting by political editor Laura Kuenssberg and economics editor Faisal Islam.
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