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Report: As death toll soars, UK finance minister warns economy could shrink by 30pc | Malay Mail

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LONDON, April 13 — Britain’s finance minister has told colleagues the economy could shrink by up to 30 per cent this quarter because of the coronavirus lockdown, a newspaper reported, as the soaring death toll gave little hope restrictions would soon be lifted. The number of Covid-19 deaths in...

Monday, 13 Apr 2020 04:50 PM MYT

The government has had to defend its response to the outbreak, with complaints of insufficient testing, a dearth of protective kit for medics and questions about whether Prime Minister Boris Johnson was too slow to impose a lockdown. While there was widespread sympathy for Johnson across the political spectrum over his illness, the upbeat tone of his message could not disguise the gravity of the choices now facing his government while he is away from his desk.

The Treasury spokesman said the figure of £14 billion included some new funding and some previously announced, and represented a tally of everything that had been decided so far.

 

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UK finance minister warns economy could shrink by 30% due to lockdownDeath toll soars past 10,000, giving little hope restrictions would soon be lifted. FMTNews Covid19
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