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World

Britain's GDP figures are dreadful but Sunak must still hold his nerve

14 July 2020

6:28 PM

14 July 2020

6:28 PM

A five hundred quid shopping voucher for everyone. Five per cent off VAT across the board. Maybe suspending income tax for a couple of months, or getting rid of corporation tax until the end of the year. As today’s disappointing GDP numbers landed on his desk, the Chancellor Rishi Sunak must have been tempted to reach for the Treasury folder marked ‘extreme emergency measures’.

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