Economics
Virus Forces Sunak to Spend More on Saving U.K. Jobs, Firms
- Chancellor to spell out ‘winter economy plan’ to MPs Thursday
- Steps studied include extending employee wage support, loans
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Chancellor of the Exchequer Rishi Sunak will set out a new crisis plan to protect jobs and rescue businesses as the coronavirus outbreak forces the U.K. to return to emergency measures.
With Covid-19 spreading rapidly again, Sunak is having to provide more state support to avoid a surge in unemployment -- just at the moment he had planned to scale back an already huge package of aid.