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

Nov 12 (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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