General World News

The UK government’s COVID-19 pandemic support reaches $568 billion after Rishi Sunak pledges an additional $90 billion in fiscal spending

GettyImages 1231371625

Summary List Placement

  • Rishi Sunak on Wednesday announced a further £65 billion worth of fiscal measures for the year, bringing the government’s total support aimed at recovery from COVID-19 to £407 billion.
  • To restore public finances, the UK government hiked the rate of corporation tax from 19% to 25%.
  • Sunak’s tax move could encourage higher earners to drive businesses away from the UK, a CEO said.
  • Sign up here for our daily newsletter, 10 Things Before the Opening Bell.

The cost of total fiscal support to aid the UK’s recovery from the coronavirus pandemic reached £407 billion ($568 details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: BusinessInsider.Com