Newest video updates related to Coronavirus. Have a look at this “Coronavirus warning: UK faces worst downturn for 300 years – BBC News” video below:
The Bank of England has warned that the UK is heading for an unprecedented recession. It says the economy is on course for the sharpest annual contraction for 300 years, with the coronavirus pandemic dramatically reducing jobs and incomes.
The Governor of the Bank of England said the economy is expected to contract by 14%, twice as big a downturn as the great crash of 2008. Unemployment could double to 9% although the Bank of England is forecasting that the economy will bounce back next year.
Meanwhile The Prime Minister will make a public statement on Sunday setting out the next stages of lockdown and any plans to ease it. But Boris Johnson has said his government will “advance with maximum caution”.
In Scotland First Minister Nicola Sturgeon has made clear that she will not be pressured into acting too early to ease the lockdown, saying getting it right is “a matter of life and death”.
Sophie Raworth presents BBC News at Ten reports from Economics Editor Faisal Islam and Political Editor Laura Kuenssberg.
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You've got the highest cases of Coronavirus in Europe thanks to you'r government and their Herd Immunity they lost five weeks of isolation . We were very fortunate here in Western Australia we closed our borders to all and only have 14 active cases now and 9 deaths and no new cases in two weeks. We still haven't opened up and the UK are ready to open the gates again, I hope they don't kill more people doing so the idiots.
It wont affect the rich . Pleased to see our hard working leaders are getting an extra £10,000 to stay at home & get a suntan .
'We believe their will be a recovery'.
Oh well then, back to life.
Nothing to worry about. 🙄
These people live in a complete fantasyland.
Does anyone remember this 6 months ago, ie before lockdown? https://youtu.be/vRdha901I70
IMF report saying that the worlds economy is on a down turn, that it hadn’t been this bad since 2008 and was blaming mostly US sanctions and Brexit.
I suppose with Covid19 we now have an excuse for the economic downturn that isn’t because of our governments actions.