Coronavirus warning: economy could shrink by 35% with unemployment rising to 2 million – BBC News
There’s a new warning that the coronavirus pandemic could have a devastating impact on the UK’s economy. The Office for Budgetary Responsibility, the government’s independent economic watchdog, says that if the lockdown lasts for 3 months the economy could shrink by 35% and unemployment could rise to 10% meaning two million people would be out of work. The Chancellor Rishi Sunak said he was “deeply troubled” by the figures. Huw Edwards presents BBC News at Ten reports from Political Editor Laura Kuenssberg and Economics Editor Faisal Islam.
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