The British economy recorded a contraction at a record pace of 20.4% in the month of April in light of strict public isolation measures to contain the Corona virus.
According to Reuters, the Office for National Statistics said that in the three months to April, gross domestic product contracted 10.4 percent compared to the previous three months.
A Reuters poll indicated an average expectation of a monthly drop of 18.4 percent and a contraction of ten percent for the period between February and April.
Finance Minister Rishi Sonak said that, in line with many other economies around the world, the Corona virus has had severe impacts on our economy.
He added that government measures, including a plan to pay salaries of workers who were laid off only temporarily, along with grants, loans and tax cuts to companies mean that Britain has the best opportunity to recover quickly with Reopening the economy.
Most of the British retail sector is due to reopen next week as long as stores follow the rules of social divergence.
The National Bureau of Statistics said that compared to April of last year, the economy contracted by 24.5 percent.
The central bank of England and the country's budget office were wary that Britain was heading towards its biggest contraction in three centuries this year.
