UPDATE 2-UK economy crumbles under coronavirus strain; questions mount over lockdown exit [Reuters]
IHS Markit Ltd. Common Shares (INFO)
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Source: Reuters
UPDATE 2-UK economy crumbles under coronavirus strain; questions mount over lockdown exit * UK under pressure to explain lockdown exit plans * Economic figures paint dire picture * Worst contraction possibly for centuries-BoE’s Vlieghe (Adds debt figures) By Guy Faulconbridge and Andy Bruce LONDON, April 23 (Reuters) - The United Kingdom’s economy is crumbling under the strain of the coronavirus lockdown and government borrowing is soaring to the highest levels in peacetime history, increasing pressure on the government to set out an exit strategy. Prime Minister Boris Johnson, recuperating at his country residence after being seriously ill with COVID-19, is facing criticism from opposition politicians and some epidemiologists for reacting too slowly to the novel coronavirus outbreak. Ministers are already struggling to explain high death rates, limited testing and shortages of protective kit, and the grim reality of the damage to the world’s fifth largest economy hit home on Thursday
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