The UK has fallen into its worst recession on chronicle thanks to the coronavirus lockdown, contracting by extra than 20% between April and June 2020. It’s the worst hasten of any vital world financial system.
The recession – defined by six months in a row of falling output – is the first for the explanation that 2008 monetary atomize. The Chancellor Rishi Sunak acknowledged the figures confirmed that difficult events had been right here and tons of extra other folks had been expected to lose their jobs.
Sophie Raworth affords BBC Knowledge at Ten reporting by economics editor Faisal Islam and business correspondent Emma Simpson.
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