Covid-19: Britain enters recession as GDP tumbles 20.4%, worst in Europe

Brace for more job losses, says Sunak

Britain’s economy shrank by a record 20.4 per cent between April and June when the coronavirus lockdown was tightest, the largest contraction reported by any major economy so far, with a wave of job losses set to hit later in 2020.
 

Official figures published on Wednesday also showed the world’s sixth-biggest economy entered a recession as it shrank for a second quarter in a row.
 

There were signs of a recovery in the month of June when output grew by 8.7 per cent from May, the Office for National Statistics said, just above economists' average expectation in a Reuters poll