Economics

U.K. Chancellor Sunak Announces $39 Billion Stimulus for Coronavirus

After BOE slashes rates, Chancellor Sunak coordinates response
Boris Johnson’s plan is biggest fiscal loosening since 1991

WATCH: Highlights ot Sunak’s budget speech in the House of Commons in London. Source: Bloomberg

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By Tim Ross and David Goodman

March 11, 2020 at 12:37 PM UTC

Updated on

March 11, 2020 at 4:30 PM UTC

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The U.K. pledged a 30 billion pound ($39 billion) emergency boost to spending as Boris Johnson’s government battles to stop the coronavirus outbreak wrecking its economy.