Rishi Sunak: spending review – economic emergency
The Chancellor of the Exchequer delivers the 2020 Spending Reviewfor the coming year later.
Sunak: This providing £280bn to get our country through coronavirus.
Sunak: There will be a pay rise for over a million nurses, doctors and others working in the NHS. But pay rises in the rest of the public sector will be paused next year. Pledges to protect those on lower incomes.
Sunak: £2.6bn to support devolved administrations in Scotland Wales and Northern Ireland. £55bn total funding to tackle Covid-19 next year. The OBR expects unemployment to rise to a peak of 7.5%. Or, 2.6m people. in the second quarter of nest year.
The Spending Review will include details on public sector pay, NHS funding and money for the devolved administrations in Northern Ireland, Scotland and Wales.
The government’s Covid response has led to huge spending and borrowing rises.
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