Chancellor Rishi Sunak admitted “it’s going to be tough” to cope with the hit to the economy from the coronavirus crisis, but insisted the UK “will get through this” as he unveiled his first Budget.
Mr Sunak announced a £30bn stimulus package to ease the impact of the virus, cutting small business rates to zero. He pledged a £500m boost for the benefit system to help gig economy workers hit by the outbreak – but stopped short of demands to extend statutory sick pay to all.
Economics Editor Ben Chu takes a look at what was promised and what it means.
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