UK economy shrank 1.5% in first quarter: official data

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LONDON, United Kingdom (AFP) — Britain’s economy contracted by 1.5 percent in the first quarter as the country suffered a fresh coronavirus lockdown, official data showed on Wednesday. The UK however is currently exiting lockdown at a gradual pace, allowing the economy to recover from pandemic fallout. “As we cautiously reopen the economy, I will continue to take all the steps necessary to support our recovery,” finance minister Rishi Sunak said in reaction to the […]