No toolkit to deal with Covid economic crisis, says Sunak
Summary
Rishi Sunak, the former UK prime minister and chancellor during the COVID-19 pandemic, told an inquiry there was no predefined plan to handle the economic impacts of the pandemic. He mentioned the government aimed to prevent widespread unemployment and implemented policies like the furlough scheme quickly, accepting they might not be perfect.Key Facts
- Rishi Sunak was the UK chancellor during the COVID-19 pandemic.
- He stated there was no "toolkit" or established plan to address the economic crisis caused by the pandemic.
- Sunak emphasized the urgency of the government's response to prevent mass unemployment.
- He acknowledged job losses were unavoidable but noted that mass unemployment was prevented.
- Sunak mentioned the furlough scheme, launched in March 2020, helped support workers' incomes.
- He participated in a public inquiry on the economic response to the pandemic, providing evidence.
- Sunak held his second appearance in front of the inquiry, with the first being in December 2023.
- Policies like "Eat Out to Help Out" were aimed at supporting businesses after lockdowns.
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