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UK ‘on course for fastest recession for a century’

The Bank of England (BoE) is warning that the UK is heading towards its fastest and deepest recession for more than a century, as a result of the impact of the coronavirus pandemic.

UK ‘on course for fastest recession for a century’
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UK ‘on course for fastest recession

Scenario modelling used as part of its monetary policy committee (MPC) planning suggested output will fall 3% in the first quarter of 2020 followed by a further 25% in the second.

Read more at Accountancy Daily

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