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Coronavirus: Britain heads for summer of economic misery which could see 3.4m unemployed

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www.mirror.co.uk

Britain is heading for a summer of economic ­misery, with ­Chancellor Rishi Sunak warning many businesses could collapse due to the coronavirus crisis.

Unemployment may hit 3.4 million – the highest since the dark days of Margaret Thatcher – and government borrowing faces a £218billion hike, the Office for Budget Responsibility said.

And with the UK’s Covid-19 death toll rising by 778 to 12,107, ministers are tomorrow expected to extend the lockdown by three weeks.

That will leave many struggling ­businesses fearing for their survival, with the economy possibly shrinking by a third. And only 2% of firms affected have accessed the government loans scheme.

Read more on mirror.co.uk
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