top of page
  • Writer's picturemotherlandfmng

UK Economy: Chancellor says GDP 'comparable to other countries in the world'

Official data shows that the UK economy shrank by almost 10% last year - its biggest annual decline on record.

The Chancellor of the Exchequer, Rishi Sunak, said the figures showed the serious economic shock caused by the coronavirus pandemic.

He told the BBC's Faisal Islam that this trend was comparable to other countries. Britain has been one of the countries hardest hit by the pandemic both in terms of deaths, and the economic consequences.

Source BBC News..

Recent Posts

See All

What even the untrained eye can see is that a “weaker” Naira is good for the FGN as it allows her to close her budget deficits by earning more Naira. Has the Naira been devalued? Well Yes and No… A de

bottom of page