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.
Tell us: have you given up on trying to buy your first home?
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We’d like to hear from people in the UK who have abandoned or delayed plans
to get on the property ladder
UK house prices rose for the first time in four...
2 days ago
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