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.
- 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.