UK finance minister Sunak sees promising signs after record GDP hit | Malay Mail

Wednesday, 12 Aug 2020 04:08 PM MYT

LONDON, Aug 12 — British finance minister Rishi Sunak said there were some “promising signs” that the country’s economy was recovering from its record economic crash during the coronavirus lockdown which was announced earlier today. Sunak told broadcasters there was too much uncertainty to know if Britain would have a swift, V-shaped economic recovery.

Sunak reiterated his opposition to extending the government’s huge job retention scheme which is due to expire at the end of October. Economists expect a sharp rise in unemployment as the state-funded jobs subsidies end.

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London stocks open higher despite record UK recession | Malay MailLONDON, Aug 12 — London’s stock market rose at the start of trading today, as official data revealed Britain’s economy slowly recovering from a record recession The capital’s benchmark FTSE 100 index gained 0.3 per cent to 6,172.75 points, building on strong gains across Europe yesterday....
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