{"id":2631,"date":"2022-08-22T19:14:19","date_gmt":"2022-08-22T19:14:19","guid":{"rendered":"https:\/\/kede.com.br\/news\/uk-officially-in-recession-for-first-time-in-11-years\/"},"modified":"2022-08-22T19:14:21","modified_gmt":"2022-08-22T19:14:21","slug":"uk-officially-in-recession-for-first-time-in-11-years","status":"publish","type":"post","link":"https:\/\/kede.com.br\/news\/uk-officially-in-recession-for-first-time-in-11-years\/","title":{"rendered":"UK officially in recession for first time in 11 years"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"\">\n<header class=\"ssrcss-s5w35y-HeadingWrapper e1nh2i2l5\">\n<p class=\"ssrcss-ugte5s-Contributor e5xb54n2\"><span><strong>By Szu Ping Chan &amp; Robert Plummer<\/strong><br \/>Business reporters, BBC News<\/span><\/p>\n<\/header>\n<div data-component=\"video-block\" class=\"ssrcss-18mjolk-ComponentWrapper ep2nwvo1\">\n<figure class=\"ssrcss-wpgbih-StyledFigure e34k3c23\">\n<div class=\"ssrcss-ab5fd8-StyledFigureContainer e34k3c21\">\n<div data-chromatic=\"ignore\" class=\"ssrcss-dtyrnv-MediaPlayerWrapper e1h75hkw3\"><noscript><\/p>\n<div class=\"ssrcss-1nxdn42-ErrorMessage eitf6462\">\n<div class=\"ssrcss-1b7cqa9-StyledInnerContainer eitf6461\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">This video can not be played<\/p>\n<h2 class=\"ssrcss-q4zz1q-StyledHeading e1fj1fc10\">To play this video you need to enable JavaScript in your browser.<\/h2>\n<\/div>\n<\/div>\n<p><\/noscript><\/div>\n<\/div><figcaption class=\"ssrcss-1mget3o-StyledFigureCaption e34k3c22\"><span class=\"visually-hidden ssrcss-1f39n02-VisuallyHidden e1y6uwnp0\">Media caption, <\/span><\/p>\n<div spacing=\"6\" class=\"ssrcss-y7krbn-Stack e1y4nx260\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Rishi Sunak: &#8220;We&#8217;re grappling with something unprecedented&#8221;<\/p>\n<\/div>\n<\/figcaption><\/figure>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\"><b class=\"ssrcss-hmf8ql-BoldText e5tfeyi3\">The UK economy suffered its biggest slump on record between April and June as coronavirus lockdown measures pushed the country officially into recession. <\/b><\/p>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">The economy shrank 20.4% compared with the first three months of the year.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Household spending plunged as shops were ordered to close, while factory and construction output also fell.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">This pushed the UK into its first technical recession &#8211; defined as two consecutive quarters of economic decline &#8211; since 2009.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Chancellor Rishi Sunak told the BBC that the government was &#8220;grappling with something that is unprecedented&#8221; and that it was &#8220;a very difficult and uncertain time&#8221;. <\/p>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">But shadow chancellor Anneliese Dodds blamed Prime Minister Boris Johnson for the scale of the economic decline, saying: &#8220;A downturn was inevitable after lockdown &#8211; but Johnson&#8217;s jobs crisis wasn&#8217;t.&#8221;<\/p>\n<\/div>\n<\/div>\n<p><h2 tabindex=\"-1\" id=\"How-are-ordinary-people-being-affected\" class=\"ssrcss-y2fd7s-StyledHeading e1fj1fc10\"><span role=\"text\">How are ordinary people being affected?<\/span><\/h2>\n<\/p>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Kate Treglown, 44, of Walthamstow in east London, is currently out of work as a result of the coronavirus crisis. She was made redundant from her advertising job at the end of July after being on furlough.  <\/p>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">&#8220;I worked for 16-and-a-half years for an advertising agency that promoted live events. The work totally dried up in May,&#8221; she told the BBC.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"image-block\" class=\"ssrcss-18mjolk-ComponentWrapper ep2nwvo1\">\n<figure class=\"ssrcss-wpgbih-StyledFigure e34k3c23\">\n<div class=\"ssrcss-ab5fd8-StyledFigureContainer e34k3c21\"><span class=\"ssrcss-11kpz0x-Placeholder e16icw910\"><span><noscript><\/noscript><\/span><\/span><span role=\"text\" class=\"ssrcss-tvuve5-StyledFigureCopyright e34k3c20\"><span class=\"visually-hidden ssrcss-1f39n02-VisuallyHidden e1y6uwnp0\">Image source, <\/span>Kate Treglown<\/span><\/div>\n<\/figure>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Kate says she feels &#8220;stuck in limbo&#8221; &#8211; keen to try something new, but unsure of when her children- who she has been home schooling &#8211; will return to school.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">&#8220;There is work. There are jobs available. But when I look on LinkedIn, every single job has hundreds of applications, so competition is very stiff,&#8221; she says.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">&#8220;I feel women are really carrying the burden of this pandemic with regards to the childcare, whether working or not. It&#8217;s made me feel quite depressed at times. <\/p>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">&#8220;My redundancy money is only going to last so long and I&#8217;m scared of what the future holds for us at the moment.&#8221;<\/p>\n<\/div>\n<\/div>\n<p><h2 tabindex=\"-1\" id=\"Is-there-any-sign-of-things-getting-better\" class=\"ssrcss-y2fd7s-StyledHeading e1fj1fc10\"><span role=\"text\">Is there any sign of things getting better?<\/span><\/h2>\n<\/p>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">The Office for National Statistics (ONS) said the economy bounced back in June as government restrictions on movement started to ease.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">On a month-on-month basis, the economy grew by 8.7% in June, after growth of 1.8% in May.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">But Jonathan Athow, deputy national statistician for economic statistics, said: &#8220;Despite this, gross domestic product (GDP) in June still remains a sixth below its level in February, before the virus struck.&#8221;<\/p>\n<\/div>\n<\/div>\n<div data-component=\"image-block\" class=\"ssrcss-18mjolk-ComponentWrapper ep2nwvo1\">\n<figure class=\"ssrcss-wpgbih-StyledFigure e34k3c23\">\n<div class=\"ssrcss-ab5fd8-StyledFigureContainer e34k3c21\"><span class=\"ssrcss-1dbq568-Placeholder e16icw910\"><span><noscript><img alt=\"The UK fell into recession for the first time since 2009\" srcset=\"https:\/\/ichef.bbci.co.uk\/news\/240\/cpsprodpb\/F2DA\/production\/_113907126_v3-growth_quarters-2020-aug-12-nc.png 240w, https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/F2DA\/production\/_113907126_v3-growth_quarters-2020-aug-12-nc.png 320w, https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/F2DA\/production\/_113907126_v3-growth_quarters-2020-aug-12-nc.png 480w, https:\/\/ichef.bbci.co.uk\/news\/624\/cpsprodpb\/F2DA\/production\/_113907126_v3-growth_quarters-2020-aug-12-nc.png 624w, https:\/\/ichef.bbci.co.uk\/news\/800\/cpsprodpb\/F2DA\/production\/_113907126_v3-growth_quarters-2020-aug-12-nc.png 800w, https:\/\/ichef.bbci.co.uk\/news\/976\/cpsprodpb\/F2DA\/production\/_113907126_v3-growth_quarters-2020-aug-12-nc.png 976w\" src=\"https:\/\/ichef.bbci.co.uk\/news\/2048\/cpsprodpb\/F2DA\/production\/_113907126_v3-growth_quarters-2020-aug-12-nc.png\" width=\"2048\" height=\"1663.9039759939985\" loading=\"lazy\" class=\"ssrcss-evoj7m-Image ee0ct7c0\"\/><\/noscript><\/span><\/span><\/div>\n<\/figure>\n<\/div>\n<p><h2 tabindex=\"-1\" id=\"Which-parts-of-the-economy-have-suffered-most\" class=\"ssrcss-y2fd7s-StyledHeading e1fj1fc10\"><span role=\"text\">Which parts of the economy have suffered most?<\/span><\/h2>\n<\/p>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">The ONS said the collapse in output was driven by the closure of shops, hotels, restaurants, schools and car repair shops.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">The services sector, which powers four-fifths of the economy, suffered the biggest quarterly decline on record.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"video-block\" class=\"ssrcss-18mjolk-ComponentWrapper ep2nwvo1\">\n<figure class=\"ssrcss-wpgbih-StyledFigure e34k3c23\">\n<div class=\"ssrcss-ab5fd8-StyledFigureContainer e34k3c21\">\n<div data-chromatic=\"ignore\" class=\"ssrcss-dtyrnv-MediaPlayerWrapper e1h75hkw3\"><noscript><\/p>\n<div class=\"ssrcss-1nxdn42-ErrorMessage eitf6462\">\n<div class=\"ssrcss-1b7cqa9-StyledInnerContainer eitf6461\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">This video can not be played<\/p>\n<h2 class=\"ssrcss-q4zz1q-StyledHeading e1fj1fc10\">To play this video you need to enable JavaScript in your browser.<\/h2>\n<\/div>\n<\/div>\n<p><\/noscript><\/div>\n<\/div><figcaption class=\"ssrcss-1mget3o-StyledFigureCaption e34k3c22\"><span class=\"visually-hidden ssrcss-1f39n02-VisuallyHidden e1y6uwnp0\">Media caption, <\/span><\/figcaption><\/figure>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Factory shutdowns also resulted in the slowest car production since 1954.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">The economic decline was concentrated in April, at the height of lockdown.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"image-block\" class=\"ssrcss-18mjolk-ComponentWrapper ep2nwvo1\">\n<figure class=\"ssrcss-wpgbih-StyledFigure e34k3c23\">\n<div class=\"ssrcss-ab5fd8-StyledFigureContainer e34k3c21\"><span class=\"ssrcss-1dbq568-Placeholder e16icw910\"><span><noscript><img alt=\"Monthly economic output rose in May and June\" srcset=\"https:\/\/ichef.bbci.co.uk\/news\/240\/cpsprodpb\/119EA\/production\/_113907127_growth_monthly-2020-aug-12-nc.png 240w, https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/119EA\/production\/_113907127_growth_monthly-2020-aug-12-nc.png 320w, https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/119EA\/production\/_113907127_growth_monthly-2020-aug-12-nc.png 480w, https:\/\/ichef.bbci.co.uk\/news\/624\/cpsprodpb\/119EA\/production\/_113907127_growth_monthly-2020-aug-12-nc.png 624w, https:\/\/ichef.bbci.co.uk\/news\/800\/cpsprodpb\/119EA\/production\/_113907127_growth_monthly-2020-aug-12-nc.png 800w, https:\/\/ichef.bbci.co.uk\/news\/976\/cpsprodpb\/119EA\/production\/_113907127_growth_monthly-2020-aug-12-nc.png 976w\" src=\"https:\/\/ichef.bbci.co.uk\/news\/2048\/cpsprodpb\/119EA\/production\/_113907127_growth_monthly-2020-aug-12-nc.png\" width=\"2048\" height=\"1663.9039759939985\" loading=\"lazy\" class=\"ssrcss-evoj7m-Image ee0ct7c0\"\/><\/noscript><\/span><\/span><\/div>\n<\/figure>\n<\/div>\n<p><h2 tabindex=\"-1\" id=\"What-is-the-government-doing-about-it\" class=\"ssrcss-y2fd7s-StyledHeading e1fj1fc10\"><span role=\"text\">What is the government doing about it?<\/span><\/h2>\n<\/p>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">But in a BBC interview on Wednesday, Mr Sunak did not waver on ending the government&#8217;s furlough scheme of job subsidies, which is winding down and is due to end entirely after October.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">&#8220;I think most people would agree that that&#8217;s not something that is sustainable indefinitely,&#8221; he told the BBC.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">The chancellor said the government should not pretend that &#8220;absolutely everybody can and will be able to go back to the job they had&#8221; and said there would be support for creating jobs in new areas. <\/p>\n<\/div>\n<\/div>\n<div data-component=\"image-block\" class=\"ssrcss-18mjolk-ComponentWrapper ep2nwvo1\">\n<figure class=\"ssrcss-wpgbih-StyledFigure e34k3c23\">\n<div class=\"ssrcss-ab5fd8-StyledFigureContainer e34k3c21\"><span class=\"ssrcss-1qeywjf-Placeholder e16icw910\"><span><noscript><img alt=\"GDP growth by country\" srcset=\"https:\/\/ichef.bbci.co.uk\/news\/240\/cpsprodpb\/1C21\/production\/_113910270_gdp_growth-nc.png 240w, https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/1C21\/production\/_113910270_gdp_growth-nc.png 320w, https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/1C21\/production\/_113910270_gdp_growth-nc.png 480w, https:\/\/ichef.bbci.co.uk\/news\/624\/cpsprodpb\/1C21\/production\/_113910270_gdp_growth-nc.png 624w, https:\/\/ichef.bbci.co.uk\/news\/800\/cpsprodpb\/1C21\/production\/_113910270_gdp_growth-nc.png 800w, https:\/\/ichef.bbci.co.uk\/news\/976\/cpsprodpb\/1C21\/production\/_113910270_gdp_growth-nc.png 976w\" src=\"https:\/\/ichef.bbci.co.uk\/news\/2048\/cpsprodpb\/1C21\/production\/_113910270_gdp_growth-nc.png\" width=\"2048\" height=\"1440.3600900225056\" loading=\"lazy\" class=\"ssrcss-evoj7m-Image ee0ct7c0\"\/><\/noscript><\/span><\/span><\/div>\n<\/figure>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">The opposition has been critical of the government&#8217;s handling of the economy during the pandemic.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Ms Dodds said: &#8220;We&#8217;ve already got the worst excess death rate in Europe &#8211; now we&#8217;re on course for the worst recession too. That&#8217;s a tragedy for the British people and it&#8217;s happened on Boris Johnson&#8217;s watch.&#8221;<\/p>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Referring to the tapering of the furlough scheme, she said the government had &#8220;snatched away wage support for businesses that hadn&#8217;t even reopened yet&#8221;.<\/p>\n<\/div>\n<\/div>\n<p><h2 tabindex=\"-1\" id=\"How-are-businesses-coping\" class=\"ssrcss-y2fd7s-StyledHeading e1fj1fc10\"><span role=\"text\">How are businesses coping?<\/span><\/h2>\n<\/p>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Laura Tenison, founder of clothing firm JoJo Maman Bebe, told the BBC that the trading performance of her 90 stores was showing huge variations, with those in urban locations suffering from a lack of office workers and tourists.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">&#8220;Those like York, Windsor, central London, Reading, Norwich &#8211; those ones are absolutely dire, really really awful,&#8221; she said.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"image-block\" class=\"ssrcss-18mjolk-ComponentWrapper ep2nwvo1\">\n<figure class=\"ssrcss-wpgbih-StyledFigure e34k3c23\">\n<div class=\"ssrcss-ab5fd8-StyledFigureContainer e34k3c21\"><span class=\"ssrcss-11kpz0x-Placeholder e16icw910\"><span><noscript><img alt=\"Laura Tenison\" srcset=\"https:\/\/ichef.bbci.co.uk\/news\/240\/cpsprodpb\/129A9\/production\/_113910267_lauratennyson1.jpg 240w, https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/129A9\/production\/_113910267_lauratennyson1.jpg 320w, https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/129A9\/production\/_113910267_lauratennyson1.jpg 480w, https:\/\/ichef.bbci.co.uk\/news\/624\/cpsprodpb\/129A9\/production\/_113910267_lauratennyson1.jpg 624w, https:\/\/ichef.bbci.co.uk\/news\/800\/cpsprodpb\/129A9\/production\/_113910267_lauratennyson1.jpg 800w, https:\/\/ichef.bbci.co.uk\/news\/976\/cpsprodpb\/129A9\/production\/_113910267_lauratennyson1.jpg 976w\" src=\"https:\/\/ichef.bbci.co.uk\/news\/976\/cpsprodpb\/129A9\/production\/_113910267_lauratennyson1.jpg\" width=\"976\" height=\"549\" loading=\"lazy\" class=\"ssrcss-evoj7m-Image ee0ct7c0\"\/><\/noscript><\/span><\/span><\/div>\n<\/figure>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">&#8220;I mean, some days we take no money, put it that way. But some of the village stores, the community stores, they&#8217;re actually doing better than we anticipated.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">&#8220;I think we have six stores in the portfolio that actually are trading up on last year.&#8221;<\/p>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Ms Tenison founded her business in 1993, during a recession. &#8220;This is my third recession in my relatively long life in retail,&#8221; she said.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">&#8220;We still have to be entrepreneurial,&#8221; she added. &#8220;We have had to close down some areas of business because of Covid. We&#8217;ve had to close our American business, which is just a massive sadness to me.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">&#8220;Of course, everyone has to look at their overheads, but be creative. Look at those opportunities out there. Recessions bring opportunities.&#8221;<\/p>\n<\/div>\n<\/div>\n<p><h2 tabindex=\"-1\" id=\"What-are-other-people-saying\" class=\"ssrcss-y2fd7s-StyledHeading e1fj1fc10\"><span role=\"text\">What are other people saying?<\/span><\/h2>\n<\/p>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Business groups urged the government to do more to support the economic recovery.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Alpesh Paleja, an economist at the Confederation of British Industry, said many companies were struggling to pay their bills on time.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">He said: &#8220;A sustained recovery is by no means assured. The dual threats of a second wave and slow progress over Brexit negotiations are also particularly concerning.&#8221;<\/p>\n<\/div>\n<\/div>\n<div data-component=\"video-block\" class=\"ssrcss-18mjolk-ComponentWrapper ep2nwvo1\">\n<figure class=\"ssrcss-wpgbih-StyledFigure e34k3c23\">\n<div class=\"ssrcss-ab5fd8-StyledFigureContainer e34k3c21\">\n<div data-chromatic=\"ignore\" class=\"ssrcss-dtyrnv-MediaPlayerWrapper e1h75hkw3\"><noscript><\/p>\n<div class=\"ssrcss-1nxdn42-ErrorMessage eitf6462\">\n<div class=\"ssrcss-1b7cqa9-StyledInnerContainer eitf6461\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">This video can not be played<\/p>\n<h2 class=\"ssrcss-q4zz1q-StyledHeading e1fj1fc10\">To play this video you need to enable JavaScript in your browser.<\/h2>\n<\/div>\n<\/div>\n<p><\/noscript><\/div>\n<\/div><figcaption class=\"ssrcss-1mget3o-StyledFigureCaption e34k3c22\"><span class=\"visually-hidden ssrcss-1f39n02-VisuallyHidden e1y6uwnp0\">Media caption, <\/span><\/p>\n<div spacing=\"6\" class=\"ssrcss-y7krbn-Stack e1y4nx260\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">Anneliese Dodds: The UK has not seen \u201ca big enough bounce back and we really need one\u201d<\/p>\n<\/div>\n<\/figcaption><\/figure>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">While more recent data suggest the recovery is gaining traction, the Bank of England does not expect the economy to get back to its pre-pandemic size until the end of next year.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">The Office for Budget Responsibility, the government&#8217;s official forecaster, expects the recovery to take even longer.<\/p>\n<\/div>\n<\/div>\n<p><h2 tabindex=\"-1\" id=\"How-does-the-UK-compare-with-other-nations\" class=\"ssrcss-y2fd7s-StyledHeading e1fj1fc10\"><span role=\"text\">How does the UK compare with other nations?<\/span><\/h2>\n<\/p>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">The UK&#8217;s slump is one of the biggest among advanced economies, according to preliminary estimates.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">The economy is more than a fifth smaller than it was at the end of last year. This fall is not as bad as the 22.7% decline in Spain, but about twice the size of contractions in Germany and the US.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">The chancellor told the BBC that the UK economy had performed worse than its EU counterparts because it was focused on services, hospitality and consumer spending. <\/p>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph eq5iqo00\">&#8220;Those kinds of activities comprise a much larger share of our economy than they do for most of our European cousins,&#8221; he said.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-53748278?at_medium=RSS&#038;at_campaign=KARANGA\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Szu Ping Chan &amp; Robert PlummerBusiness reporters, BBC News This video can not be played To play this video you need to enable JavaScript in your browser. Media caption, Rishi Sunak: &#8220;We&#8217;re grappling with something unprecedented&#8221; The UK economy suffered its biggest slump on record between April and June as coronavirus lockdown measures pushed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2632,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[55],"tags":[1965,348,1914,380],"_links":{"self":[{"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/posts\/2631"}],"collection":[{"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/comments?post=2631"}],"version-history":[{"count":1,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/posts\/2631\/revisions"}],"predecessor-version":[{"id":2633,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/posts\/2631\/revisions\/2633"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/media\/2632"}],"wp:attachment":[{"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/media?parent=2631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/categories?post=2631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kede.com.br\/news\/wp-json\/wp\/v2\/tags?post=2631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}