Recession fears rock shares and the pound - This is Money

Official figures showed output in the UK fell 0.3% in April - the second monthly decline in a row - as the recovery from Covid went into reverse.

Shares and the pound tanked and government borrowing costs soared yesterday as the storm clouds hanging over the global economy darkened. Official figures showed output in the UK fell 0.3 per cent i… [+1699 chars]

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