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UK's big spending to lift economy and save jobs does little, but deepens debt

Government saddled with massive debt, approaching £2 trillion; furlough scheme will dent productivity

Published Mon, Jun 1, 2020 · 09:50 PM
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London

THE UK government is preparing to unveil a major economic stimulus package in July in an effort to minimise the impact of the recession caused by the Covid-19 pandemic.

The UK's next Budget is only due in the autumn but there is speculation that Rishi Sunak, Chancellor of the Exchequer, will deliver it sooner.

Business leaders,economists…

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UK unemployment jumps to six-month high after economy cools
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