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U.K. Virus Stimulus Exceeds Boost During Financial Crisis

  • Commitments made since Budget total 2.5% of economic output
  • Scale underscores threat as virus forces shutdown of activity
A near-deserted Piccadilly Circus in London.

A near-deserted Piccadilly Circus in London.

Photographer: Simon Dawson/Bloomberg
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The U.K. has pledged more fiscal stimulus to fight the economic fallout from the coronavirus than during the global financial crisis a decade ago, underscoring the scale of the threat posed by the pandemic.