Rishi Sunak says Covid economic emergency has only just begun


Chancellor says in spending review that UK will have to keep spending despite record peacetime borrowing

Rishi Sunak has 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.

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