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READ MOREUK GDP drops record 20.4%
The UK recorded its biggest ever fall in GPD in April, the first full month of business activity to be impacted by coronavirus, according to data from the Office for National Statistics (ONS) which shows a 20.4% drop.
The ONS said the monthly decline in GDP in April 2020 was equivalent to a fall of approximately £30bn. This is three times greater than the fall experienced during the 2008 to 2009 economic downturn.
Read more at the Accountancy Daily.
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