Image:
GDP fell by 20.4% in the three months to June
The UK economy suffered a record collapse in the second quarter, with gross domestic product plunging 19.8% between April and June, according to the Office for National Statistics (ONS).
The figures confirm that the UK has now entered the biggest recession on record after GDP fell for two consecutive quarters. The fall is slightly less than the initial estimate of a 20.4% but st...
To continue reading this article...
Join Professional Adviser
- Unlimited access to real-time news, industry insights and market intelligence.
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters.
- Make smart business decisions with the latest developments in regulation, investing retirement and protection.
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes.
