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UK records deepest recession among top economies
August 12, 2020 16:03 pm
LONDON, Aug 12: The British economy has recorded the deepest coronavirus-related slump among the world’s leading industrial economies after official figures on Wednesday showed it shrinking by a fifth in the second quarter alone.
Brexit hazard warning lights: UK economy contracts for first time since 2012
August 9, 2019 16:02 pm
LONDON, Aug 9: The British economy shrank unexpectedly for the first time since 2012 in the second quarter, dragged down by a slump in manufacturing just as Prime Minister Boris Johnson prepares to leave the European Union with or without a divorce deal.
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