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Sunak preparing to inject billions of pounds into economy - The Telegraph

FILE PHOTO: Britain's Chancellor of the Exchequer Rishi Sunak speaks at the House of Commons in London, Britain, October 22, 2020. UK Parliament/Jessica Taylor/Handout via REUTERS

(Reuters) - British finance minister Rishi Sunak is preparing a further multibillion-pound giveaway to spur consumer spending, as economic recovery has ground to a halt, The Telegraph reported, without citing sources.

Sunak is intending to take emergency action after statistics that showed the economy remained more than 8% below its pre-crisis peak at the end of September, the newspaper reported.

Reporting by Rebekah Mathew in Bengaluru; Editing by Leslie Adler

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