Rishi Sunak 'deeply troubled' by OBR warning of 35% fall in UK GDP
by Richard Partington from Economics | The Guardian on (#524N1)
UK chancellor says way to bounce back from coronavirus crisis is to reboot growth across regions
The chancellor has admitted he is "deeply troubled" by warnings that the UK economy could shrink by 35% in the coming months as the economic costs from the coronavirus crisis mount.
Speaking after the government's independent economics watchdog warned that gross domestic product (GDP) could collapse by more than a third in the second quarter, with unemployment rising by more than 2 million, Rishi Sunak said it was still vital to maintain the government's lockdown measures.
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