Updated / Thursday, 13 Feb 2020 13:38. Just weeks after Britain finally left the EU as part of the Brexit process, UK finance minister Sajid Javid resigned from his post. Before entering politics he worked for Goldman Sachs and a hedge fund, then co-founded an investment firm. SEOUL, Nov. 2 (UPI) -- South Korean President Moon Jae-in painted an optimistic economic picture on Monday, saying it's "recovering rapidly" from the fallout of the COVID-19 pandemic and projecting a return to normal growth in early 2021. 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Sunak, seen as a rising star in the ruling Conservative Party since he entered parliament in 2015, had been tipped for promotion to a senior post in the ministerial rejig as Johnson put together his post-Brexit cabinet. North Korea rear commanders promoted, analyst says. According to latest estimates by British finance minister Rishi Sunak, the country’s GDP could contract by as much as 30% in Q2 2020 as the coronavirus pandemic rages on across Britain and the rest of the world. Hague has described Sunak as an "exceptional individual". Nov. 2 (UPI) -- Connor Reed -- the first British citizen to contract COVID-19, at a school in China -- has died in an accident at a university in Wales, his family said. Sunak made these forecasts even as some ministers were calling for an easing in the lockdown during May. All quotes delayed a minimum of 15 minutes. At least 85 dead in Turkey quake; children pulled from debris alive. Britain’s government will seek to lift its four-week coronavirus lockdown for England in early December, finance minister Rishi Sunak said on Monday, a day after another minister said it might have to be extended. Sunak also told the BBC that he would increase financial support for self-employed people after he announced on Saturday a one-month return to 80% wage subsidies for employed people who are temporarily laid off. 60.2k. However, the power struggle that forced his predecessor Javid to quit hints at a more diminished role for what is the second most powerful position in government - with Johnson's office wanting to centralise control and minimise dissent. Chinese customs singles out Australian rock lobster imports. Sharre via Facebook Share via Twitter. Sajid Javid outside the Downing Street in London on May 21, 2019. Reuters, London Monday 02 November 2020 Text size A A A Britain’s government will seek to lift its four-week coronavirus lockdown for England in early December, finance minister Rishi Sunak said on Monday, a day after another minister said it might have to be extended. For more coronavirus news, visit our dedicated page. For all the latest headlines follow our Google News channel online or via the appPrime Minister Boris Johnson on Saturday ordered a lockdown for England from Thursday, a move that will weigh on Britain’s budget deficit and its 2 trillion-pound debt mountain, and probably cause the economy to shrink again. Sunak's father was a doctor and his mother ran a chemist shop. Britain's finance minister will provide as much support for jobs as possible when he announces his economic winter plan later on Thursday, said his colleague health minister Matt Hancock.