
UK economy suffers record slump with GDP plunging by 20.4%
Britain's economy suffered a record collapse during April's coronavirus lockdown with GDP plunging by 20.4%, the Office for National Statistics said.The fall is the biggest the UK has ever seen - worse than anything during the financial crash - and underlines the damage inflicted by the COVID-19 pandemic, which saw many businesses shut down in a bid to curb the spread of infection. The economy was around 25% smaller in April than it was in February, bringing the threat of mass job losses. ...