UK seen boosting funds to fight virus in Johnson's first budget | UK News | Al Jazeera

in hive-116221 •  5 months ago 

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The United Kingdom's new finance minister Rishi Sunak will pledge billions of pounds to fight the effects of coronavirus on Wednesday, and the Bank of England might add its firepower to the attempt to stave off the risk of a new recession.

Sunak, in the job for less than a month, will deliver the first budget of Prime Minister Boris Johnson's government against a backdrop of slumping stock markets and a rush by global policymakers to pump more stimulus into their economies.


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