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U.K. Chancellor Sunak Announces $39 Billion Stimulus for Coronavirus

  • After BOE slashes rates, Chancellor Sunak coordinates response
  • Boris Johnson’s plan is biggest fiscal loosening since 1991
Bloomberg business news
WATCH: Highlights ot Sunak’s budget speech in the House of Commons in London. Source: Bloomberg
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The U.K. pledged a 30 billion pound ($39 billion) emergency boost to spending as Boris Johnson’s government battles to stop the coronavirus outbreak wrecking its economy.