Dire Warning for U.K. Economy If Virus Lockdown Persists

Apr.15 -- A protracted lockdown could see the U.K. economy shrink by more than a third this quarter, increasing unemployment by over 2 million and sending the budget deficit to its highest since World War II, according to the Office for Budget Responsibility. Mel Stride, a ruling Conservative Party lawmaker who chairs parliament's cross-party Treasury Committee, comments on the OBR's so-called "reference scenario" in an interview on "Bloomberg Surveillance."

[awaken]

I wonder how the EU is doing compared to the UK.

[uweinhamburg]

An economy based on services is more at risk from a lockdown than production based economies.
The problem of the UK at the moment is the combination of Covid19 and Brexit combined with a very unhealthy debt situation. Even without Covid19 UK borrowing and national debt would have gone up.
The inflation data 4th quarter and next year will be interesting.
#ATAD #IndyRef2