UK Chancellor Sunak announces class war budget
Chancellor Rishi Sunak presented a £65 billion budget yesterday for the Conservative government funnelling a vast tranche of money into the coffers of big business.
It was trailed that Sunak would extend the jobs furlough scheme, under which around 11 million workers whose companies are unable to operate during pandemic lockdown have received up to 80 percent of their wages paid by the state. At the end of January, it was still supporting 4.7 million workers. But even with the scheme in place, Sunak was forced to acknowledge that since last “March, over 700,000 people have lost their jobs.”