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UK nosedives into biggest recession on record

Britain has officially entered into the largest recession on record after figures showed the pandemic sent the economy plunging by 20.4% between April and June.

The Office for National Statistics (ONS) confirmed the UK’s nosedive into recession for the first time since the financial crisis after the record-breaking contraction in the second quarter, which follows a 2.2% fall in the previous three months.

The grim second-quarter figures showed the UK suffered the biggest economic hit from the pandemic in western Europe, even beating Spain’s eye-watering 18.5% drop.

Read more here: https://www.independent.co.uk/news/business/news/uk-recession-economy-gdp-coronavirus-lockdown-a9666186.html

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