UK Chancellor Rishi Sunak raised the public spending by a massive GBP 150 billion in an effort to underpin a strong economic recovery after the crisis caused by the coronavirus pandemic.
That will be the largest increase this century, with spending growing by 3.8 percent a year in real terms by 2024-25, Sunak said in his autumn budget speech in the Parliament.
The chancellor said the latest budget began the work of preparing for a new economy post-Covid.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com