Coronavirus warning: economy may shrink by 35% with unemployment rising to 2 million – BBC News

Coronavirus warning:  economy may shrink by 35% with unemployment rising to 2 million – BBC News

There may be a brand unique warning that the coronavirus pandemic may the truth is have a devastating affect on the UK’s economy. The Place of work for Budgetary Responsibility, the authorities’s impartial economic watchdog, says that if the lockdown lasts for 3 months the economy may shrink by 35% and unemployment may rise to 10% which approach two million folks may be out of work. The Chancellor Rishi Sunak mentioned he modified into “deeply nervous” by the figures. Huw Edwards provides BBC News at Ten reports from Political Editor Laura Kuenssberg and Economics Editor Faisal Islam.

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