The Bank of England said on Thursday that the economy in the April-June quarter would be nearly 30 percent smaller than at the end of 2019, as consumer spending would fall nearly 30 percent, while business revenue, investment and trade all contracted sharply. The bank said that the full-year economy for 2020 would most likely fall 14 percent — the worst decline for the British economy, it said, since 1706. (NYtimes)
England’s economy
