Year on year, that is: down 4.9 per cent. The UK economy has never before shrunk so much so fast.
2009 Q1 GDP fell 2.4 per cent, according to figures just out, making it the biggest quarter-on-quarter fall since 1958. The decline significantly exceeds analysts’ expectations, which were for a 1.9 per cent fall.
We tried to see what the statistics.gov.uk had to say, but…
