UK Chancellor unveils winter spending review
And it's sobering reading.
A current 11.3% current contraction in the UK economy.
BN£394 (19% of GDP) required borrowing for the coming year.
A new BN£3 're-start' programme for the unemployed
Unemployment expected to rise to 2.6 million (7.5%) over the next year. 4.4% predicted for next year.
Public sector pay to be 'paused' for the next year. Apparently the private sector is performing more poorly.
Those earning less than 24K will receive extra £250.
BN£280 already spent on coronavirus 'measures' BN£55 to support public services next year.
Lots of money pledged to finish building current hospital plans unfinished as well as making 'repairs' to the many that really needed it ten years ago.
Nothing on support for firms currently furloughing.
Nothing for more support for local councils.
Office for Budget Responsibility will publish it's forecasts for the economy and public finances at 14:30 GMT
A current 11.3% current contraction in the UK economy.
BN£394 (19% of GDP) required borrowing for the coming year.
A new BN£3 're-start' programme for the unemployed
Unemployment expected to rise to 2.6 million (7.5%) over the next year. 4.4% predicted for next year.
Public sector pay to be 'paused' for the next year. Apparently the private sector is performing more poorly.
Those earning less than 24K will receive extra £250.
BN£280 already spent on coronavirus 'measures' BN£55 to support public services next year.
Lots of money pledged to finish building current hospital plans unfinished as well as making 'repairs' to the many that really needed it ten years ago.
Nothing on support for firms currently furloughing.
Nothing for more support for local councils.
Office for Budget Responsibility will publish it's forecasts for the economy and public finances at 14:30 GMT
56-60, M
