UK economy suffers biggest fall since 1709

London, February 12 The British economy suffered its biggest decline in more than 300 years in 2020 as the coronavirus pandemic closed shops and restaurants, devastated the travel industry and curtailed manufacturing. The economy shrank 9.9% last year, more than...

Tribune Web Desk

Updated At : 12:11 PM Feb 13, 2021 IST

London, February 12

The British economy suffered its biggest decline in more than 300 years in 2020 as the coronavirus pandemic closed shops and restaurants, devastated the travel industry and curtailed manufacturing.

The economy shrank 9.9% last year, more than twice the figure for 2009 at the height of the global financial crisis, the Office for National Statistics said Friday. The drop is the largest since 1709. — AP

UK economy suffers biggest fall since 1709

Tribune Web Desk

Unlock Exclusive Insights with The Tribune Premium

Live Matches