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UK nosedives into biggest recession on record

Published on August 12, 2020 - Duration: 01:09s

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 UKโ€™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 beatingSpainโ€™s eye-watering 18.5% drop.

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Video credit: Sky News UK Studios - Published on August 12, 2020 

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