Sunak warns of ‘economic emergency’ as borrowing hits record £394bn (Financial Times)
“The government’s independent forecaster said the virus was responsible for an 11.3 per cent contraction in the UK economy, the steepest for more than 300 years. It added that output would take a further large hit if ministers fail to negotiate a free trade agreement with the EU before the end of the year.” – by Chris Giles, George Parker, and Jim Pickard
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