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RECESSION OFFICIALLY STRIKES UK FOR FIRST TIME IN 11 YEARS

Published On 19 Aug 2020 06:32 AM


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HIGHLIGHTS

  • Since APR-JUNE 2020, the UK economy has suffered its biggest slump on record.
  • Lockdown implemented to prevent the spread of coronavirus caused all businesses to shut down.
  • With all businesses being inactive, UK has officially fallen into recession.

Between APR 2020 and JUNE 2020, the UK economy has suffered its biggest slump on record. The lockdown implemente....


Tags : UK economy, British economy, United Kingdom, UK, Rishi Sunak, Chancellor of the Exchequer, UK government, Boris Johnson,
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