On 12 August 2020 the Office for National Statistics published its first GDP estimate for Q2 (April to June) 2020, showing the UK economy is now in recession following two consecutive quarters of contraction.
A record fall of more than 20 per cent was recorded in Q2, following a 2.2 per cent decline in Q1, which saw the start of a UK lockdown that significantly affected economic activity in the second quarter...more
