Rishi Sunak tries to calm coronavirus crunch fears
Following Tuesday’s bleak headlines over the effect the coronavirus lockdown could have on the economy, the Chancellor attempted to strike an optimistic note in the daily government press conference. With the OBR projection suggesting three months of lockdown followed by a partial easing could lead to the UK economy shrinking by 35 per cent, Sunak said that while the prediction was worrying the figures were in some ways unsurprising as these are unprecedented times. However, the Chancellor stressed that it was simply ‘a possible scenario’ and it ‘may not even be the most likely’. Sunak said the important takeaway is that the economy would likely ‘bounce back quickly’ once measures are lifted. He said
