The UK is coping with a “most significant recession”, per the Chancellor, Rishi Sunak. The Location of labor for National Statistics reported a document drop in economic output in March.
The affect of the pandemic is at risk of be even extra negative in the arriving months, with one expert warning that the economy is in “freefall”.
The economy shrank by 2% in the first 3 months of this yr, a interval that entails handiest the first few days of the lockdown. The just Institute for Fiscal Learn warned that the trusty affect of the lockdown is yet to be felt, with household spending worried on the fastest payment in bigger than 11 years.
Huw Edwards presents BBC Info at Ten reporting from Economics Editor Faisal Islam.
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