Sunak goes all out to avert economic collapse

LONDON - British finance minister Rishi Sunak launched a gigantic stimulus package to stabilise Britain’s virus-hit economy on Friday, including the government paying the wages of workers up and down the country.

Chancellor of the Exchequer Rishi Sunak speaks during a news conference on the ongoing situation with the coronavirus disease in London, Britain March 17, 2020. Matt Dunham/Pool via REUTERS“The economic intervention that I am announcing today is unprecedented in the history of the British state.”“We’re also telling nightclubs, theatres, cinemas, gyms and leisure centres to close on the same timescale. These are places where people come together...

“I’m strengthening the safety net for self-employed people too, by suspending the minimum income floor for everyone affected by the economic impact of coronavirus. “That means self-employed people can now access in full universal credit at a rate equivalent to statutory sick pay for employees.”

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