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OBR report: Two million people could become unemployed from coronavirus impact on economy




Two million people could become unemployed as a result of the economic impact of the coronavirus crisis, financial experts have warned.

It was revealed in the Government’s daily briefing on Tuesday that the Office for Budget Responsibility has estimated that the economy could shrink by 35 per cent by June.

Across the UK, 778 people died in hospital on Tuesday, bringing the total number of deaths to 12,107, while 98,873 have tested positive for the virus. Of those, 493 cases have been in Suffolk.

Downing Street handout photo of Chancellor Rishi Sunak holding a digital Covid-19 Press Conference in 10 Downing Street, London.PA Photo. Picture date: Thursday March 26, 2020. See PA story HEALTH Coronavirus. Photo credit should read: 10 Downing Street/Crown copyright/Pippa Fowles/PA Wire..NOTE TO EDITORS: This handout photo may only be used in for editorial reporting purposes for the contemporaneous illustration of events, things or the people in the image or facts mentioned in the caption. Reuse of the picture may require further permission from the copyright holder.. (33590084)
Downing Street handout photo of Chancellor Rishi Sunak holding a digital Covid-19 Press Conference in 10 Downing Street, London.PA Photo. Picture date: Thursday March 26, 2020. See PA story HEALTH Coronavirus. Photo credit should read: 10 Downing Street/Crown copyright/Pippa Fowles/PA Wire..NOTE TO EDITORS: This handout photo may only be used in for editorial reporting purposes for the contemporaneous illustration of events, things or the people in the image or facts mentioned in the caption. Reuse of the picture may require further permission from the copyright holder.. (33590084)

West Suffolk Hospital in Bury St Edmunds has confirmed 17 patients have died of the coronavirus since it started recording.

“These figures are a powerful reminder to all of the importance of following the Government’s guidelines,” said Chancellor Rishi Sunak, who is assisted by South Suffolk MP James Cartlidge.

“It is an unprecedented time, an unprecedented crisis and that calls for an unprecedented response.

“That is why we have put in place some of the measures we have and I do believe these will limit the short term impact on our economy.

“Once we get through this we will have to make decisions on what to do at that point. We remain committed to the agenda we set before (the crisis).”


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