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UK suffers worst recession on record

Output plunges 20.4% in Q2, the most since records began in 1955 and worse than any major economy so far

The Financial Times reported late on Tuesday that Chancellor of the Exchequer Rishi Sunak is weighing options to shelve his autumn Budget if Britain is hit by a big second wave of coronavirus.


THE United Kingdom suffered more than any major European economy during the coronavirus lockdowns, piling pressure on the government to ensure the withdrawal of its support programmes doesn't derail the nascent recovery.

Output plunged 20.4 per cent in the second quarter,...

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