London | British Chancellor Rishi Sunak has unleashed a torrent of emergency spending measures and infrastructure investment worth at least £30 billion ($58.4 billion), in a budget he touted as the most far-reaching anti-coronavirus package anywhere in the world.
His spending blitz came hot on the heels of a surprise interest rate cut of 50 basis points from the Bank of England, taking the benchmark back to the record low, last touched in 2016, of 0.25 per cent.
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Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com
