Chancellor to revamp support for jobs and economy owing to tightening of restrictions

Rishi Sunak has scrapped this autumn’s budget before the announcement of a revamped support package to protect jobs and the economy through a looming winter Covid-19 crisis.

Faced with the new threat to the economy caused by the tightening up of coronavirus restrictions this week, the chancellor believes the priority is to see the UK through the coming months rather than make long-term tax and spend decisions.

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