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Chancellor announced details of spending .. in brief: a largest fall in GDP in 300 years

Sunak confirmed that borrowing was at its highest in the UK’s peacetime history amid the largest fall in GDP in 300 years – Unemployment predicted to peak at 7.5% in 2021 –

Higher public sector wages outside of the NHS will be frozen, while foreign aid will be cut to 0.5% of GDP –

Sunak announced that the National Living wage will increase to £8.90 an hour –

The Chancellor has pledged £3 billion to a scheme aimed at getting workers back into jobs, and a further £4 billion “levelling up” scheme aimed at improving local infrastructure.

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