CLEAN : UK in 'the biggest recession in history' after GDP contracted by 20% (expert)

The UK economy has entered a significant recession, with a 20% contraction in the second quarter due to the pandemic. The economy's reliance on consumer sectors and a prolonged lockdown contributed to this downturn. Although recovery has begun, challenges like high unemployment and Brexit uncertainties persist. Business confidence is low, with many companies delaying hiring and investments. The government initially helped businesses bridge the crisis, but ongoing support is needed for recovery, including grants and loan restructuring.

What factors contributed to the UK economy entering recession?

How did the pandemic affect the UK's GDP?

What challenges are businesses facing in the UK during the recovery phase?

What concerns exist regarding business confidence in the UK economy?

What role has the government played in supporting businesses during the pandemic?