THE UK's economy shrunk at its fastest rate since the 1920s last year, as the pandemic forced thousands of businesses to remain closed for several months.
THE UK's national debt hit a record £2.06 trillion at the end of September, up £259.6 billion in six months, according to new data from the Office for National Statistics (ONS).
THE UK will be officially declared in recession for the first time since the financial crisis on Wednesday when figures are set to show the pandemic sent the economy plunging by a record 21% between April and June.
The Bank of England has said it expects the downturn in the UK economy to be less severe than first feared, but could take longer to recover than previously predicted
The economy of the 19-country eurozone shrank by a record 12.1% during the second quarter as coronavirus lockdowns froze business and consumer activity.