Sunak (pic) is also expected to commit to existing pledges to increase spending on police, nurses and schools, the Treasury (finance ministry) said.Economists think Britain will borrow about 400 billion pounds ($530 billion) this year, approaching 20% of gross domestic product, the most since World War Two.
LONDON: British finance minister Rishi Sunak said there would be no return to austerity in a spending plan he will announce on Wednesday, even as the coronavirus crisis pushes Britain's further above 2 trillion pounds ($2.7 trillion).
Sunak, who has rushed out massive government spending increases and tax cuts equating to about 10% of economic output, said he would announce "quite a significant" increase in funding for public services.
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