Economics

Sunak Urged to Unleash $140 Billion Fiscal Push to Aid Recovery

Resolution Foundation calls for stimulus in March 3 budget
Spending boost would align U.K. fiscal policy with U.S.

U.K. Cabinet As Brexit Talks Enter Crucial Phase — Photographer: Simon Dawson/Bloomberg

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By Andrew Atkinson

February 25, 2021 at 12:01 AM UTC

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Chancellor of the Exchequer Rishi Sunak is being urged to deliver a 100 billion-pound ($140 billion) fiscal boost next week to help the U.K. recover from its deepest economic slump in three centuries.

In a report published ahead of his March 3 budget, the Resolution Foundation research group called on Britain’s finance minister to provide 70 billion pounds of targeted stimulus on top of extending existing pandemic support programs.