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'There will be more tough times', Chancellor admits after warnings economy will plunge

Britain economy Government Coronavirus
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Rishi Sunak tonight warned of 'more tough times to come' amid warnings the economy could plunge by more than a third in the second quarter of the year - with unemployment forecast to hit 3.4 million.

The Chancellor said the Government 'will not be able to protect every UK business and every household' during the coronavirus pandemic and that there will be 'hardships ahead'.

He was speaking in response to an analysis from the Office for Budget Responsibility released earlier today. Forecasters predicted that a three-month lockdown could leave around one in 10 of the working population without a job.

They also predicted that the scenario would see the UK GDP falling by 35 per cent between April and July, before jumping 25 per cent in the

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
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Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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