NEWS
Treasury says lockdown to cost £337bn in best-case scenario, as it warns of tax rises and pay freeze
A leaked Treasury document drawn up for Chancellor Rishi Sunak says the lockdown will likely cost between £300-£500 billion. It warns that the economic hit could require up tp £90bn in annual tax rises and spending cuts over the coming years – Telegraph
Back to work day: Commuters pack on to Tube and trains – but social distancing proves impossible on limited services – after Boris Johnson urged workers to return today – Mail
Sunak to extend UK furlough scheme until end of October – Financial Times
Britain’s plan to exempt France from 14-day travel quarantine must be applied to every EU member state, the European Commission warns – Mail
Housing market kick-started to curb falling prices – Times
UK takeaway food waste rises during coronavirus lockdown – Guardian
COMMENT
Rishi Sunak’s decision to extend the furlough to October is a body blow and we should all be fearful – Alex Brummer, Mail
Easing coronavirus lockdown: what will happen to house prices when the market reopens? – Carol Lewis, Times
China is using the Covid crisis to bully Europe – Con Coughlin, Telegraph
