UK's Sunak says COVID-19 having big impact on public finances

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British finance minister Rishi Sunak said on Tuesday that COVID-19 was having a major impact on the public finances, which would need to be fixed in future.

“It’s clear that coronavirus has had a significant impact on our public finances, but we know without our response things would have been far worse,” Sunak said after data showed borrowing hit a record 128 billion pounds in the three months to June.

“I am also clear that, over the medium-term, we must, and we will, put our public finances back on a sustainable footing.”

 

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If many £108million contracts for PPEundelivered, won by newly formed co.'s & unrelated ind. sectors, without scrutiny, is considered sound, emergency public spending, we would be in trouble, wouldn't we? PPESCANDAL EmergencyBankHeist PayingFerrymen

Clever fellow, who could have guessed that was happening...

You don't say!

No it is because of lockdown and putting in a bunch of silly rules/guidelines is going to hinder that further.

😡😡😡

Hardly a surprise?

The Tories have been saving money hand over fist deskilling the population and slashing public services for the past 41 years

RishiSunak That’s what happens when you throw away money. Investing in the economy is not the same as spending it on individuals & companies that have reserves to survive the pandemic well. Except for low paid, recuperation of grants should be from those who received furlough.

Not Covid19. It's the lockdown decision doing the damage. Keep in mind that they are different.

Hold the front page

No shit.

Sherlock Holmes solves another mystery

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