Economic Update 2020

It’s safe to say that Chancellor Rishi Sunak did not expect to be delivering the official fiscal statement less than four months after his maiden budget back in March, but here we are.

The economic impact of COVID-19 has resulted in the UK’s debt-GDP ratio breaking the 100% mark for the first time since 1963, while the economy shrank by a monthly record of 20.4% in April.

If you would like to read our full report, a downloadable copy is available here: Economic-update-2020