Gross domestic product fell by 5.8% in March alone as the
country saw its biggest quarterly fall since the depths of the financial crisis
in 2008 as the covid-19 slump begins. The figures reveal that the 2.0% fall in
the first quarter of this year was the largest drop since the last quarter of
2008 – when the collapse of Lehman Brothers triggered a worldwide financial
collapse. The March drop is the worst since ONS records began in 1997. Output fell
by 6.4% month-on-month despite the lockdown only being announced in the last
week. Read more on Housing Today.
How Europe’s housing crisis is fuelling a new movement
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As soaring rents and house prices across Europe feed into the political
discourse, campaigners believe they have a rare opportunity to force
housing to ...
7 hours ago
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