© Reuters. FILE PHOTO: Britain’s Chancellor of the Exchequer Sunak during an interview in London
LONDON (Reuters) – British finance minister Rishi Sunak told Prime Minister Boris Johnson’s cabinet team of top ministers on Wednesday that the upcoming Office for Budget Responsibility’s forecasts would “make for a sobering read”.
“Cabinet was told the OBR forecasts will show the impact the coronavirus pandemic has had on our economy and they will make for a sobering read, showing the extent to which the economy has contracted and the scale of borrowing and debt levels,” Johnson’s Downing Street office said in a statement.
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