- UK's finance minister Sunak: Our response to virus will be temporary, timely and targeted
Market news
11 March 2020
UK's finance minister Sunak: Our response to virus will be temporary, timely and targeted
- Coronavirus is the key challenge facing UK today, but not only challenge
- UK economy is robust, public finances sound
- Virus will have a significant, temporary effect on UK economy
- There will be a need to provide security and support for those who cannot work, and a bridge for businesses
- Response will be closely coordinated with the BoE
- Expects fall in consumer spending and a period of shrinking productive capacity
- Says up to a fifth of UK working population may be off sick at any one time
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