I am a breaking news reporter for Forbes in London, covering Europe and the U.S. Previously I was a news reporter for HuffPost UK, the Press Association and a night reporter at the Guardian. I studied Social Anthropology at the London School of Economics, where I was a writer and editor for one of the university’s global affairs magazines, the London Globalist. That led me to Goldsmiths, University of London, where I completed my M.A. in Journalism. Got a story? Get in touch at [email protected], or follow me on Twitter @bissieness. I look forward to hearing from you.
The U.K. economy shrank almost a fifth in the first three months of lockdown, mostly dragged down by a 20% fall in April, laying out the cost of shutting down entire industries in a bid to curb the pandemic, new data from the U.K.’s statistics agency... [+]
coronavirus lockdown restrictions have been in place since June 29, with non-essential shops ordered to close and people urged not to travel in or out of the area. The economy shrank 19.1% in the three months to May, following a 6.9% drop in March, and a 20.4% fall in April, the first full month under lockdown.
Industries that were allowed to reopen from May saw a slight uptick in activity, including construction and manufacturing, which saw an 8% growth, while online retail saw record growth as people stayed indoors and shops were shut. Businesses returning to work in May helped push the economy up 1.8%, but it was not enough to offset the slump seen in the previous two months.: “With lockdown restrictions remaining in place, many other services remained in the doldrums, with a number of areas seeing further declines.”the BBC that June’s figures, out next month, suggest the economy is gaining some strength as more businesses reopen, however it is “really early” to tell.
Rishi Sunak, the U.K.’s finance minister, said: “Today's figures underline the scale of the challenge we face.”
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