No return to austerity in post-covid economy, government promises

By Tom Lowe2020-11-23T13:16:00

Budget 2020 - Rishi Sunak 11-03-20 Credit HM Treasury

Source: HM Treasury

Rishi Sunak announcing spending review on Wednesday

The government has said it will not resort to sweeping public spending cuts in its efforts to rebuild the economy in the wake of the covid-19 pandemic.

Chancellor Rishi Sunak said yesterday people “will not see austerity” when he announces his spending review on Wednesday, referring to the controversial belt-tightening policies seen in the years following the 2008 financial crisis.

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