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

Britain's Chancellor of the Exchequer Rishi Sunak speaks at the House of Commons in London
Britain's Chancellor of the Exchequer Rishi Sunak speaks at the House of Commons in London

(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)