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Will Sunak’s emergency budget prevent a UK recession?

The chancellor’s substantial giveaways may still not be sufficient to combat the economic impact of the coronavirus 


By Vicky Pryce  

(200311) -- LONDON, March 11, 2020 (Xinhua) -- Rishi Sunak, Britain's Chancellor of the Exchequer, poses for photographs as he leaves 11 Downing Street to deliver his budget to Parliament, in London, Britain on March 11, 2020. (Photo by Tim Ireland/Xinhua)

This was very much an emergency budget—aimed to inspire confidence in the government’s ability to deal with the coronavirus. It also promised a bright new future of (a lot) more spending on infrastructure and extra support for innovation and growth, mostly financed by borrowing.

But the short-term economic and fiscal position is the one most at risk. The health situation has necessitated extra spending and as Chancellor Rishi Sunak emphasised, this budget’s focus was “safety and economic stability.” But is…

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