There's a new warning that the coronavirus pandemic could have a devastating impact on the UK's economy. The Office for Budgetary Responsibility, the government's independent economic watchdog, says that if the lockdown lasts for 3 months the economy could shrink by 35% and unemployment could rise to 10% meaning two million people would be out of work. The Chancellor Rishi Sunak said he was "deeply troubled" by the figures.
Tuesday, April 14, 2020
Coronavirus warning: economy could shrink by 35% with unemployment rising to 2 million - BBC News
There's a new warning that the coronavirus pandemic could have a devastating impact on the UK's economy. The Office for Budgetary Responsibility, the government's independent economic watchdog, says that if the lockdown lasts for 3 months the economy could shrink by 35% and unemployment could rise to 10% meaning two million people would be out of work. The Chancellor Rishi Sunak said he was "deeply troubled" by the figures.
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