This GDP crash in April-June is the worst since quarterly census began in 1955 and followed a 2.2% contraction in the first quarter. Industries most exposed to government blockades to improve the coronavirus pandemic – services, manufacturing and construction – saw record declines.
“Today ‘s figures confirm that difficult times are here,” UK Finance Minister Rishi Sunak said in a statement. “Hundreds of thousands of people have already lost their jobs, and unfortunately in the coming months much more willpower. But while there are difficult choices to be made ahead, we will overcome that, and I can reassure people that no one will be left without hope or opportunity. “
This is an evolving story and will be updated.