Britain virus economy Government crisis Coronavirus Britain

This Indian-origin man will decide the fate of millions of U.K. jobs next week

Reading now: 309
www.livemint.com

Rishi Sunak faces one of the toughest decisions of his four months as Britain’s Chancellor of the Exchequer, with the livelihoods of millions dependent on his next move.

After taking the unprecedented decision to pay 80% of the wages of more than 8 million workers as the coronavirus swept through the U.K.

in March, he has promised to set out next week how he will start to scale back the program. It will be the biggest test of how hard the former Goldman Sachs Group Inc.

banker will find it to turn off the spending spigot after committing unprecedented sums to prop up the U.K. economy, burnishing his own political reputation and earning the tabloid sobriquet “Dishy Rishi" along the way.

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA