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Britain s economy shrank 1 5% in the first quarter

SHARE Britain’s economy shrank 1.5 per cent in the first quarter of the year when England was plunged into its third lockdown, however a strong recovery in March helped to prevent a larger contraction. UK gross domestic product grew 2.1 per cent in March – the fastest monthly growth since August last year – as the economy gained momentum when coronavirus restrictions started to ease with the reopening of schools. Read More The surge in gross domestic product followed a 0.7 per cent increase in February, according to the Office for National Statistics. Chancellor of the Exchequer Rishi Sunak said despite a difficult start to the year, economic growth in March is “a promising sign of things to come”.

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