Business
Covid-19: Has the UK economy been hardest hit? – BBC News
The chancellor says that different ways of calculating GDP makes the UK look bad.
By Anthony Reuben and Nicholas BarrettBBC Reality Check
media captionChancellor Rishi Sunak says the GDP slump is “comparable to other countries”
The UK’s GDP, which is the value of everything produced in the economy, was 9.9% down in 2020 compared with 2019.
There is no question that it has been a bad year for the UK economy, with severe restrictions imposed for a lot of the year as a result of coronavirus. It is also an economy reliant on consumer spending on things like hotels, restaurants and…
Continue Reading