The economic war Prime Minister Boris Johnson wanted to fight was for Britain’s prosperity after Brexit. The war he has instead is against the damage wrought by Covid-19. His Chancellor of the Exchequer, Rishi Sunak, fired the first broadside Tuesday with a major raft of supply-side measures. The centerpiece is a loan-guarantee program worth £330 billion, or around 15% of gross domestic product, for businesses of all sizes. Larger firms will be able to tap the central bank directly, while smaller companies will access the...

Source: Wall Street Journal March 17, 2020 23:15 UTC