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UK economy still 11.7% below pre-pandemic level in July – ONS

UK economy still 11.7% below pre-pandemic level in July – ONS

Business
The economy remained 11.7% below its coronavirus pandemic peak in July as the UK emerges from its sharpest recession on record, official figures show.The Office for National Statistics (ONS) reported gross domestic product (GDP) grew by 6.6% in the month as more parts of the economy awakened from the enforced hibernation of the COVID-19 lockdown. The deep sleep for activity sparked the largest recession in UK history in the second quarter of the year - a slump of 20.4% - driven by the first full month of COVID-19 restrictions in April. Month-on-month growth was recorded in May and in June.ONS director of economic statistics Darren Morgan said of July's growth: "While it has continued steadily on the path towards recovery, the UK economy still has to make up nearly...