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The former chancellor, Philip Hammond, spoke to Mishal Husain about the prospects for the UK economy, a day before the chancellor鈥檚 summer statement. He told Mishal: 鈥淚 think we're likely to see a recovery where the first part is a very sharp V and then that tails off into a very long, slow recovery of the last part of the lost output, which could take years for us to get back to 2019 levels of output." Mr Sunak is expected to announce that households in England are to be offered grants of up to 5 thousand pounds for energy saving home improvements, such as insulation. The scheme is part of a wider 3-billion pound "green investment", aimed at stimulating the economy after the coronavirus crisis and reducing carbon emissions.

Credit: European Photopress Agency