‘Retailers must recession-proof ahead of crunch Christmas’

Luke Tugby

Data released over the past few days has laid bare the extent of the challenge the UK economy faces over the coming months and years.

Yesterday, figures from the Office for National Statistics (ONS) showed that the number of people employed in the UK tumbled 220,000 between April and June. 

It marked the largest quarterly increase in unemployment since July 2009, when Britain was reeling from the global financial crisis. 

And this morning, the nation officially plunged into recession after gross domestic product fell 20.4% in the second quarter of 2020.

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