UK goes into biggest recession in history
Written by Badger1 on 11 August 2020
The UK has entered recession for the first time in 11 years due to the impact of coronavirus.
The Office for National Statistics estimates Britain’s GDP fell by 20.4% in the second quarter of 2020. That’s following a dip of 2.2% in the first quarter of the year.
Sky’s Economics Editor Ed Conway explains why this matters.