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UK Economy Registers Biggest Plunge in 40 Years
July 1st, 2020 - 07:30 GMT

UK Economy Registers Biggest Plunge in 40 Years

Britain’s economy shrank by the most since 1979 in early 2020 as households slashed their spending, according to official data that included the first few days of the coronavirus lockdown. Gross domestic product dropped by a quarterly 2.2% between January and March, the Office for National Statistics (ONS) said. Prime Minister Boris Johnson set out his plan to speed up the British economy’s recovery on Tuesday when he promised to ...
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