Chancellor Rishi Sunak has said that whilst the Covid vaccination programme “provides hopes”, Britain’s economic performance “is going to get worse before it gets better”. Despite pressure for a fresh package of business support to match the challenges posed by the latest restrictions, Mr Sunak told the Commons he is confident that existing measures – which total more than £280bn in higher spending and tax cuts since the pandemic began – will help Britain through until the spring. He pointed to signs of “underlying resilience” in the British economy, including a rise in household savings to record levels, evidence of firms improving their cash buffers, and the new trading partnership with the EU removing Brexit uncertainty.
Read more: Daily Mail
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