UK's Sunak: too early to predict shape of recovery from recession

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Britain is facing a significant recession but it is too early to tell how quickly the economy will be able to recover, British finance minister Rishi Sunak said on Thursday.

Asked about the outlook for the economy, Sunak said: “It’s too early to tell... we won’t know the exact shape of recovery for a little while.”

“I am absolutely anxious about the state of the economy. We are... entering into a very significant recession, we know that that is happening,” he told Sky News.

 

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it really isn't.

We will be forced on line when there are no shops left! Total restructuring of business rates now urgent. 5% Turnover tax on ALL businesses is the only way forward. Adjustments in certain sectors after testing 5% anomalies Get on with it Rishi ASAP

It's never too early to speculate. Or put in place plans for different eventualities.

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