UK's Sunak says cost-of-living support to reach 37 billion pounds
Reuters
Published May 26, 2022 12:52
LONDON (Reuters) - British finance minister Rishi Sunak unveiled on Thursday a package of measures to try to ease a cost-of-living crisis for the public, saying the government support would amount to 37 billion pounds ($46.61 billion).
"That means we are supporting families with the cost of living with 37 billion pounds, or one and a half percent of GDP," he told parliament, adding that around three quarters of that total support would go to vulnerable households.
($1 = 0.7939 pounds)
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Written By: Reuters
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