Chancellor: The UK is ‘facing a significant recession’

The following video is brought to you courtesy of the Sky News YouTube Channel. Click the video below to watch it now.

Chancellor Rishi Sunak says it is ‘very likely the UK is facing a significant recession this year’. Industries across the UK have been hit by social distancing and isolating measures put in place during lockdown. The apparel sector has seen the biggest contraction – down 19%.

Will social distancing measures make returning to work for most employees impossible?

Sky New’s Economics Editor Ed Conway reports on the lockdown recession.

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