UK economy shrank by more than 20% in April, largest monthly loss - Business Insider

"April's fall in GDP is the biggest the UK has ever seen, more than three times larger than last month and almost 10 times larger than the steepest pre-COVID-19 fall," Jonathan Athow, deputy national statistician for economic statistics at the ONS, said, according to theAccording to Athow, virtually all areas of the economy were hit, though "pubs, education, health and car sales all giving the biggest contributions to this historic fall.

The UK put lockdown measures into place on March 23, to stem the spread of the virus. COVID-19, the disease caused by the coronavirus, has infected more than 292,000 in the United Kingdom and killed more than 41,000, according to data from Johns Hopkins University. The lockdown measures allowed people in England to leave their homes for only essential activities: exercise, buying food, medical appointments, and travel to work if deemed essential.This is a developing story. Do you have a personal experience with the coronavirus you'd like to share? Or a tip on how your town or community is handling the pandemic? Please emailfrom Business Insider Intelligence on how COVID-19 is affecting industries.

A second wave of this virus is coming Virus Survivors Could Suffer Severe Health Effects for Years ['

Interesting way to phrase the problem as being the medical response to the pandemic and not the pandemic but I guess money's gotta make money

Canada Canada Latest News, Canada Canada Headlines

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

Inside story of Brex layoffs after $150 million raise - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Affirm launches high-yield savings account - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. With the HIGH interest rates they charge, it’s the least they can do for those using these crooks as their savings bank.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Alt lender Prospa announces solid March performance - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »