Rishi Sunak can afford new Covid support, says think tank

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The chancellor can afford to help struggling firms hit by Omicron, says the Institute for Fiscal Studies. …

“All told, we now think that public borrowing will equal about £190bn this year, and would revise up this forecast to around £192bn, if the government reimposed for one month the rules seen during Step Two of the unlocking earlier this year and set up a furlough scheme for businesses that were forced to close,” he added.

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