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UK nosedives into biggest recession on record

Video Credit: PA - Press Association STUDIO - Duration: 01:09s - Published
UK nosedives into biggest recession on record

UK nosedives into biggest recession on record

Britain has officially entered into the largest recession on record afterfigures showed the pandemic sent the economy plunging by 20.4% between Apriland June.

The Office for National Statistics (ONS) confirmed the UK’s nosediveinto recession for the first time since the financial crisis after the record-breaking contraction in the second quarter, which follows a 2.2% fall in theprevious three months.

The grim second-quarter figures showed the UK sufferedthe biggest economic hit from the pandemic in western Europe, even beatingSpain’s eye-watering 18.5% drop.


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Office for National Statistics United Kingdom's principal government institution in charge of statistics and census data

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