OBR sees Covid-19 response costs scaling to £192bn

OBR sees Covid-19 response costs scaling to £192bn

The UK’s budget watchdog OBR said that it expected the chancellor’s support programmes for the economy, including the ones announced by Rishi Sunak last week would cost £192.3bn. That was up from the £132.5bn figure it forecasted just the previous month. It expects UK GDP to shrink to 14.3% this year, in the worst case, and does not expect the economy to recover to pre-crisis levels until 2024.

Milan
Milan
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