Sunak funnels more money into construction as economy suffers worst contraction for 300 years

By Tom Lowe2020-11-25T14:15:00

Spending Review reveals cost of dealing with covid put at £280bn – and will rise further next year

The chancellor has unveiled a raft of measures intended to keep firms afloat in the coming years as the economy struggles to rebound from its largest contraction in more than three centuries thanks to the carnage caused by the covid-19 pandemic.

Rishi Sunak said capital spending will total £100bn next year, £27bn more than in 2020 as he promised to continue funnelling government funds into the construction sector.

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