Today, Rishi Sunak, the Chancellor of the Exchequer, released an ‘Economic Update’, yet another response by the UK Government in light of the ongoing COVID-19 pandemic.
The latest statement from the Chancellor will increase this year’s borrowing further. However, the consensus among economists is that for now, life support for UK plc trumps any consideration of public debt levels. Today Mr Sunak has divided that support into three main areas:
2. Loan Arrangements
To read our take on the Winter Economy Plan 2020, please Click Here.