The Bank of England has announced that the British economy will lose 14 percent, with a 25 percent drop in GDP in the second quarter. The bank also forecast 9 percent unemployment in the second quarter of the year. The UK’s gross domestic product, however, will rebound by 15 percent ...
The British government has drafted a 50-page statement detailing a five-stage plan to lift the lockdown in the UK by October, The Mirror reported, citing unnamed sources in the government. The plan is reportedly set to be announced on Sunday, come into force on Monday and last until the middle ...