Britain has plunged into its deepest recession for more than 100 years, dire economic figures are set to reveal this week. They are expected to show our economy shrank by a staggering 21 per cent in the April to June in lockdown.
The three-month fall will be the year’s second consecutive quarterly period of negative growth – which is technically a full-blown recession.
The revelation comes during a tidal wave of job losses led by high street store closures amid warnings that four million could be on the dole by the end of the year.
The alarming figures will also increase pressure on Chancellor Rishi Sunak to extend his job retention scheme beyond October.
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