Calamitous GDP figures show UK economy has fallen off a cliff
by Larry Elliott from on (#54JZH)
It goes without saying that the 20.4% contraction in April is the worst on record
In a perverse way, the record plunge in the economy in April is a measure of success. The government has got what it wanted from the lockdown: a fall in new cases of Covid-19, a drop in the death rate, a decline in the R number to below one.
In April the UK government set out these five tests it said had to be met before they would consider easing coronavirus lockdown restrictions:
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