Rishi Sunak will use next week’s budget to ‘match the people’ in the face of ‘enormous strains’ in UK public finances, warning that after another injection of coronavirus support a bill will have to be paid.
In an interview with the Financial Times, the Chancellor said there was an immediate need to spend more to protect jobs as the UK emerges from the Covid-19 threat, but he warned that UK finances are now ‘at risk’.
“Some people think you can ignore the problem. And, worse, there are people who think that there is no problem at all. I don’t think so, ”Sunak said.
The Treasury was frightened by the recent financial situation …
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