A woman on Westminster bridge wears a face mask as the spread of Covid-19 continues in London.
“The resulting 13% fall in annual GDP in 2020 would comfortably exceed any of the annual falls around the end of each world war or in the financial crisis,” the OBR said. “We’re up to about 1.4 million people who have claimed Universal Credit and also other people who have claimed other things like Jobseeker’s Allowance or Employment Support Allowance,” social welfare minister Theresa Coffey told Sky News on Tuesday.
The OBR scenario envisages a net borrowing increase of £218 billion in 2020 to 14% of GDP, the largest single-year deficit since World War II. At the same briefing with Sunak, Stephen Powis, medical director of NHS England, said social distancing restrictions were working. The official figures released Tuesday showed that the number of people who have tested positive for Covid-19 has reached 93,873.
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