Posted inUnited Kingdom

UK economy slumps almost 20% in lockdown

Britain’s coronavirus-ravaged economy slumped almost one-fifth during the country’s lockdown and remained set for its sharpest decline in annual output for 300 years, official data showed Tuesday. The Office for National Statistics (ONS) said gross domestic product plunged 19.1% in the three months to May “as government restrictions on movement dramatically reduced economic activity.” The […]