UK enters its worst recession in history

The UK has been tipped into the “worst recession on record”, according to official figures charting the impact of the coronavirus crisis on the economy.

The Office for National Statistics (ONS) reported that the enforced hibernation of activity through the COVID-19 lockdown meant gross domestic product (GDP) slumped by 20.4% in the second quarter of the year following a dip of 2.2% in the first three months of 2020.

Share: