Lessons from the 2008 recession for 2021
Lessons from the 2008 recession for 2021 Published 2 months ago The latest GDP figures showed that the UK is on track for a ‘double-dip recession’ with the Chancellor, Rishi Sunak, warning of ‘harder’ times to come as GDP fell 2.6% during the second coronavirus lockdown in November. While news of another recession will come as little surprise to most given the restrictions enforced on businesses during the pandemic, the scale of it is nevertheless shocking. The 11.3% decline is the biggest in three centuries, far exceeding the 6% financial crash of 2008. Back then, the economy took f...