Covid-19 news: UK economy shrank at fastest pace since 2008

UK GDP fell by 2 per cent in the first quarter of 2020, the most rapid contraction of the UK's economy since the 2008 financial crisis. Rishi Sunak, the chancellor of the exchequer, said, "It is now very likely that the UK economy will face a significant recession this year, and we're already in the middle of that as we speak." The Bank of England predicts that the UK economy could shrink by as much as 14 per cent in 2020. In England some people who aren't able to work from home returned to work today, as part of the government's recent easing of certain restrictions. Despite the government urging people to avoid public transport if they could, some commuters said buses and trains were too crowded to practice social distancing. It could be as long as "four or five years" before covid-19 is under control and the pandemic could "potentially get worse", according to the World Health Organization's chief scientist Soumya Swaminathan. Speaking at an FT conference, she said a vaccine "seems ...