Money Tips Daily By Charles Kelly, Former Ifa And Author Of Yes, Money Can Buy You Happiness.

Economic output measured by GDP was negative for two quarters, which means the UK is officially in recession. The Covid 19 driven recession has hit the UK harder than any of the major economies apart from Spain. UK Chancellor Rishi Sunak says recession, the first since 2009, is “unprecedented”. The number of people in work in the UK fell by 220,000 in the last quarter Due to the coronavirus lockdown, the number of people recorded as ‘in work’ fell by 220,000 on the quarter, according to the Office for National Statistics. The numbers of unemployment benefits claimants rose sharply from just over 1 million to 2.7 million in the first six months of this year. More bad news for UK jobs is on the way with one in three UK employers planning further redundancies, which are up fivefold on last year. Other articles available at Money Tips Podcast - www.moneytipsdaily.com 1. UK economy shrinks by 20% April to June 2020 2. UK is officially in recession after successive GDP falls 3. One in three UK employers plan more r