Chancellor Rishi Sunak unveiled a comprehensive stimulus package totaling GBP 30 billion [$39 billion] on Wednesday to support the UK economy as the coronavirus, or Covid-19, keeps spreading hurting people and businesses.
The chancellor also presented the latest round of forecasts from the Office for Budget Responsibility that showed that the UK economy is set to grow at the slowest pace in more than a decade this year.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.