Worst recession for 300 YEARS
Sunday People|May 10, 2020
But British Economy will Bounce Back
Graham Hiscott

BRITAIN is in the depths of the worst economic slump for 300 years, which could soon leave more than three million people out of work, it is feared.

The Bank of England believes that April, May and June will mark the low point of a record recession.

The predicted 25 per cent collapse over these months would be four times worse than the six per cent slump during the financial crisis of 2008.

Philip Shaw, from City firm Investec, warned that the UK was at the “epicentre of the weakness”.

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