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UK Chancellor of the Exchequer Rishi Sunak, while updating the Parliament on spending plans, said we are facing profound economic challenges and that the household consumption has fallen steeply.

Additional quotes:

  • Job losses are the most urgent challenge.
  • Will never accept unemployment as an unavoidable outcome.
  • There will come a phase in while we will rebuild.
  • We will produce a budget and spending review in autumn.
  • We must put our finances on a sustainable footing in the medium-term.