This Is Money Show

We are in the worst recession in living memory for the UK with GDP plummeting by 22.1 per cent in the first six months of 2020. But strange as it may sound, does that matter? We knew things would be terrible as the coronavirus lockdown pressed the pause button on the economy and people’s lives. Shops were shut, businesses were shuttered, everyone who could worked from home, almost 10million people were furloughed, international travel was halted, property sales were frozen and children didn’t go to school for four months. If you’d have predicted that was what 2020 would bring last New Year’s Eve, nobody would have believed you and they might even have called for help. So, it should come as no surprise that the ONS released figures this week showing that this year’s astonishing actions crashed the economy – although the fact that the UK suffered more than any other major economy other than Spain is a cause for concern. The question is, what next? On this week’s podcast, Simon Lambert and G