UK budget office backs state as insurer for coronavirus losses

UK budget office backs state as insurer for coronavirus losses

© Reuters. UK budget office backs state as insurer for coronavirus losses© Reuters. UK budget office backs state as insurer for coronavirus losses

LONDON (Reuters) – Britain’s independent budget office said there was a “very good argument” for the government to act as insurer against coronavirus losses for businesses, ahead of an expected announcement of more help for companies by finance minister Rishi Sunak on Tuesday.

“There is, I think, a very good argument that the state should be the essentially the insurer here,” Charlie Bean, a member of the Office for Budget Responsibility, told lawmakers.

He also said any attempt to forecast what would happen to the economy in the next year or two was “pie in the sky.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Latest Category Posts




You May Also Read