Newest video updates regarding Coronavirus. Have a look at this “Coronavirus warning: UK faces worst downturn for 300 years – BBC News” video below:
The Bank of England has warned that the UK is heading for an unprecedented recession. It says the economy is on course for the sharpest annual contraction for 300 years, with the coronavirus pandemic dramatically reducing jobs and incomes.
The Governor of the Bank of England said the economy is expected to contract by 14%, twice as big a downturn as the great crash of 2008. Unemployment…..(read more)