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After borrowing surge, Sunak to announce more spending
British finance minister Rishi Sunak, who has already pledged over 200 billion pounds to fight the COVID-19 crisis, will free up more cash on Wednesday against the backdrop of the heaviest public borrowing since World War Two.Sunak will announce extra investment to ease a backlog in the health system, counter a surge in unemployment and build new infrastructure in a one-year Spending Review that he is due to deliver to parliament at around 1230 GMT. With Britain’s full exit from the European Union approaching on Dec. 31 - and no new trade agreement yet secured - Sunak is likely to announce more spending on customs ... (full story)
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Intraday swing trader @ 30min+ supp/res, & 5min+ sbr/rbs, via 1min+ set-ups