UK in recession for first time in 11 years after economy took record 20.4% hit

  • 📰 The Mirror
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 51%

United Kingdom Headlines News

United Kingdom Latest News,United Kingdom Headlines

Britain is officially in recession as the Office for National Statistics records a record economy nosedive during the coronavirus lockdown, with nearly one million jobs already lost

Britain has been officially declared in recession for the first time since the financial crisis, due to the devastating effects of the coronavirus pandemic.

Source: Financial Digest (financialdigest.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Bozo the Clown and his band of flagwanking cretins delivering their world beating performance again.

It’s gonna get even worse when they push through their deliberately preferred no deal in December 2020.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 136. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China sanctions 11 US citizens including Marco Rubio and Ted CruzNGOs also targeted in tit-for-tat measure arising from Hong Kong security crackdown Given a choice between a freedom-loving democratic U.S. and an oppressive Communist China, the 6 billion people would choose U.S. Yesssssssss. Can they revoke iskanka trademarks?
Source: The Guardian - 🏆 84. / 53 Read more »

11 people share their dirtiest sex stories'I commanded her to get on her knees face down, ass up.'
Source: Cosmopolitan UK - 🏆 134. / 51 Read more »

My girl, 11, can’t walk due to rare disease - I've raised £75k to find a cureTWO devoted mums have raised £75,000 to fund human trials of a potential cure for the cruel disease robbing their kids of a future – and become best friends in the process. Amy Sheridan-Hill,… 🙏❤️
Source: TheSun - 🏆 64. / 61 Read more »

11 denim jeans that are perfect for summer (and beyond)Light, mid-wash and loose fitting: say hello to your new favourite summer jeans
Source: StylistMagazine - 🏆 133. / 51 Read more »

Commonwealth Bank reports 11% profit fall but remains optimistic about Covid economic reboundCEO Matt Comyn says Australia is well positioned to navigate the coronavirus economic hit, but recovery would take longer than expected
Source: The Guardian - 🏆 84. / 53 Read more »

One in three UK companies expect to cut jobs by September, poll findsWave of job cuts set to hit construction, manufacturing and IT – as Britain expected to enter recession this week Big companies will align to BA and use covid as a reason to cut costs. Employees who have been working under difficult conditions to keep companies operating will be told no longer needed. Profits before performance
Source: The Independent - 🏆 80. / 59 Read more »