Sunak will say things are looking up, but OBR has less faith in a rebound

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Sunak will say things are looking up, but OBR has less faith in a rebound
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With bad news on jobs, and ongoing risk from Covid-19, hopes for a V-shaped recovery look misplaced

ow quickly can Britain’s economy rebound after the pandemic? Last week, the chancellor, Rishi Sunak set out an upbeat recovery vision, with a plan to get restaurants buzzing again. It was perhaps the swiftest gear change in years: just days earlier, restaurants in England were banned from opening. In Leicester, they remain closed. But from August the government will pay 50% of diners’ bills in an attempt to get them eating out.

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