The UK economy has suffered its worst economic performance a mini ice age over 300 years ago when the River Thames froze. The UK's Office for National Statistics reported that the economy was around 25 per cent smaller April than it was February. The Bank England governor, Andrew Bailey, acknowledged there was a 20.4 per cent drop GDP in April alone. He called this "a dramatic and big number". He was positive the future and said there were "signs the economy now beginning to come back to life". Much the UK economy shut down in a bid to curb the spread the coronavirus. The UK has seen the biggest economic collapse the world's developed economies.
The United Kingdom's economy has seen nearly 20 years' worth growth wiped because of the coronavirus lockdown measures. This week, people are being encouraged to go shopping again as many stores have reopened. Many shoppers remain wary about venturing to shops or commuting, as the number daily deaths is still around 200. Talking the economic collapse, Mr Bailey said: "It's not surprising. The economy clearly closed substantially the end of March April. The big question is what happens next." The UK's 'Guardian' newspaper was pessimistic a recovery. It wrote: "Britain's economy has fallen a cliff. It will be a long climb back."