U.K. to Suffer Deepest Recession in 300 Years, Sunak Says

The transcript discusses the UK's economic decline by 11.3%, the largest in over 300 years, and the expected recovery with growth rates of 5.5% in 2021 and 6.6% in 2022. Despite growth, economic output won't return to pre-crisis levels until late 2022, with long-term scarring reducing the economy by 3% by 2025. The pandemic has led to increased borrowing, with £394 billion forecasted for this year, the highest in peacetime history, decreasing in subsequent years but remaining significant.

What is the expected growth rate of the economy next year?

When is the economic output expected to return to pre-crisis levels?

What is the projected size of the economy in 2025 compared to the March budget?

What is the total amount the UK is forecasted to borrow this year?

What percentage of GDP does the borrowing this year represent?