🔴 The UK has officially fallen into #recession due to the impact of the coronavirus pandemic.
The economy shrank 20.4pc in the second quarter.
Follow this *thread* for all the data 👇
telegraph.co.uk/business/2020/…
The economy shrank 20.4pc in the second quarter.
Follow this *thread* for all the data 👇
telegraph.co.uk/business/2020/…
The ONS says: 'This is the largest quarterly contraction in the UK economy since ONS quarterly records began in 1955, and reflects the ongoing public health restrictions and forms of voluntary social distancing that have been put in place'
telegraph.co.uk/business/2020/…
telegraph.co.uk/business/2020/…
Data from the Bank of England gives a picture of quarterly GDP contraction going back more than a century.
Even by that extended record, the second quarter was the worst ever
telegraph.co.uk/business/2020/…
Even by that extended record, the second quarter was the worst ever
telegraph.co.uk/business/2020/…
Although Japan is still yet to report, today’s figures confirm the UK likely suffered the biggest second-quarter economic hit of any major economy from #Covid19
telegraph.co.uk/business/2020/…
telegraph.co.uk/business/2020/…
On a headline sector level, April to June marked a continued slump in output, with construction taking the heaviest hit despite many sites reopening across the period
telegraph.co.uk/business/2020/…
telegraph.co.uk/business/2020/…
This should be the worst time to buy property – yet house prices are rising and demand is booming.
"The impetus to move for many people has become almost desperate – despite the job losses and recession," writes @izzyfraser
telegraph.co.uk/property/house…
"The impetus to move for many people has become almost desperate – despite the job losses and recession," writes @izzyfraser
telegraph.co.uk/property/house…
Follow @telebusiness and our business live blog for the latest news, analysis and reaction
telegraph.co.uk/business/2020/…
telegraph.co.uk/business/2020/…
