‘I’ve said before that hard times were ahead and today’s figures confirm that hard times are here,’ says the chancellor.
Britain has entered the deepest recession since records began, as official figures on Wednesday showed the economy shrank by more than in any other G7 nation during the coronavirus outbreak in the three months to June.
The Office for National Statistics said gross domestic product (GDP) fell in the second quarter by 20.4% compared with the previous three months – the biggest quarterly decline since comparable records began in 1955
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