Sunak says economy will ‘get worse before it gets better’

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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