Grim official forecasts predict highest peacetime borrowing and 11% GDP plunge

Britain’s economy will suffer the biggest plunge in output for more than 300 years in 2020 and government borrowing will balloon to a peacetime high of £394 billion, the fiscal watchdog has warned.
Britain’s economy will suffer the biggest plunge in output for more than 300 years in 2020 and government borrowing will balloon to a peacetime high of £394 billion, the fiscal watchdog has warned.