Economics
Sunak to Spend Billions Saving U.K. Jobs in Next Four Months
- Help for firms and workers will track lockdown exit plan
- Some businesses like nightclubs will be closed until June 21
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The U.K.’s finance minister Rishi Sunak is set to spend billions of pounds in extra support for the economy over the next four months, as pandemic curbs pushed unemployment to its highest level in almost five years.
The chancellor of the exchequer will set out the details in his March 3 budget after Prime Minister Boris Johnson outlined a plan for reopening the U.K. economy that keeps some businesses closed until at least June 21. Sunak on Tuesday suggested support will extend beyond the end of lockdown measures as he seeks to spur economic recovery.