The Guardian, Nov 26, 2020
British Chancellor of the Exchequer Rishi Sunakhas warned Britain that its Covid-19 economic emergency has only just begun after responding to news of the deepest slump in more than 300 years by pledging a fresh £55bn to tackle the pandemic.
On the day that the daily death toll from the virus reached a new second-wave peak of 696, the chancellor said that despite borrowing a peacetime record of £394bn this year, he would need to carry on spending in order to protect lives and livelihoods.
Sunak said his one-year spending plan for the economy included the biggest sustained increase in infrastructure investment for four decades, and involved more money for housing, railways, broadband upgrades and Boris Johnson’s green agenda, totalling £100bn next year:
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