What will coronavirus mean for the British economy?

As the UK faces what may be its worst ever recession, we begin a monthly series exploring the financial shock to business and living standards

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One month after a national lockdown was declared in an attempt to limit the spread of Covid-19, it is clear that Britain is heading for the deepest recession in living memory.

Boris Johnson's government launched unprecedented restrictions on 23 March, telling the British public that they must stay at home and bringing life as the nation knew it to an abrupt halt.