The U.K. economy shrank the most in three centuries in 2020, according to fresh statistics that highlight the devastating economic damage wrought by the Covid-19 pandemic.
In its annual Blue Book revisions released Monday, the Office for National Statistics said the economy contracted by 11%, rather than the 9.3% it previously estimated.
That makes it the worst drop since the Great Frost of 1709, reclaiming an unwanted accolade that previous estimates had revised away.
