Dire Warning for U.K. Economy If Virus Lockdown Persists
April 15, 2020
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5:48Now PlayingDire Warning for U.K. Economy If Virus Lockdown Persists
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as posted by the channelApr.15 -- A protracted lockdown could see the U.K. economy shrink by more than a third this quarter, increasing unemployment by over 2 million and sending the budget deficit to its highest since World War II, according to the Office for Budget Responsibility. Mel Stride, a ruling Conservative Party lawmaker who chairs parliament's cross-party Treasury Committee, comments on the OBR's so-called "reference scenario" in an interview on "Bloomberg Surveillance."
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