UK economy shrinks at fastest pace since 2008published at 07:35 British Summer Time 13 May 2020Breaking
The UK economy shrank at the fastest pace since the financial crisis in the first quarter of 2020, as the country was forced into a coronavirus lockdown.
The Office for National Statistics said the economy contracted by 2% in the three months to March, following zero growth in the final quarter of 2019.
The UK's dominant services sector suffered a record decline.
Analysts expect a bigger slump in the second quarter, before the economy starts to recover.