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U.K. Gets Fresh Warnings of Economic Scars Before Sunak Speaks

  • BOE chief economist: unemployment could be similar to 1980s
  • U.K. finance minister will appear before Parliament Monday
Rishi Sunak

Rishi Sunak

Photographer: Simon Dawson/Bloomberg
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The U.K. got fresh warnings of the lasting economic damage the coronavirus pandemic will inflict on the economy just as Chancellor of the Exchequer Rishi Sunak prepares to face lawmakers on Monday.

Sunak, who last week extended the U.K.’s much-heralded jobs retention plan, is expected to field questions in Parliament amid growing speculation about how the nation will foot the bill for the dramatic increase in borrowing needed to fund his plans.