Economics

What’s in the U.K. Budget as Sunak Targets Covid and Deficit

WATCH: We'll learn the contents of Rishi Sunak's red briefcase later.Source: Bloomberg
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Chancellor of the Exchequer Rishi Sunak unveiled his second U.K. budget as he tries to balance the need to prop up the economy while the coronavirus pandemic endures with efforts to begin reigning in the deficit.

With the prospect of the economy fully reopening still months away -- Prime Minister Boris Johnson has set June 21 as the earliest that can happen -- here’s what the chancellor announced on Wednesday: