Covid-19: UK heads for deeper double dip recession with third lockdown

Sunak hands $6.2-billion support package for businesses

Britain is headed for a sharper double-dip recession after Prime Minister Boris Johnson plunged the nation back into a lockdown with no clear end. Restrictions will be in place in England until at least February 15.
 
Economists said the action, announced Monday to prevent the health service from being overwhelmed by surging coronavirus infections, all but certainly means the UK economy will shrink in the first quarter. That will delay the recovery from the worst downturn in three centuries, which analysts say already was unlikely before 2023.
 
Chancellor of the Exchequer Rishi Sunak announced $6.2 billion of emergency