UK economy shrinks by 20% April to June and is now officially in recession

UK officially in recession as economy shrinks by 20%
April to June

Economic output measured by GDP was negative for two
quarters, which means the UK is officially in recession.

The Covid 19 driven recession has hit the UK harder than any
of the major economies apart from Spain.

UK Chancellor Rishi Sunak says recession, the first since
2009, is “unprecedented”.

The number of people in work in the UK fell by 220,000 in
the last quarter

Due to the coronavirus lockdown, the number of people recorded
as ‘in work’ fell by 220,000 on the quarter, according to the Office for National
Statistics.

The numbers of unemployment benefits claimants rose sharply
from just over 1 million to 2.7 million in the first six months of this year.

More bad news for UK jobs is on the way with one in three UK
employers planning further redundancies, which are up fivefold on last year.

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1.     
UK economy shrinks by 20% April to June
2020

2.     
UK is officially in recession after
successive GDP falls

3.     
One in three UK employers plan more
redundancies

4.     
Redundancies soar fivefold despite
furlough scheme

5.     
Unemployment to double 7.5% and economy
slump 9.5%

6.     
Half as many jobs are being advertised
compared to 2019

7.     
Base rate held at 0.1%, interest rates to
stay low for 5 years

8.     
Lenders not passing on rate cuts and mortgage
rates going up!

9.     
The end of furlough sees millions more unemployed
this autumn

10.  UK
house prices reached a new all-time high in July as buyers return

11.  UK
property prices jumped by 3% since June following stamp duty cut

12.  Why
UK Property
prices rising after stamp duty cut, despite the downturn?

13.  New
planning rules will open up more opportunities to make money in property

14.  You
can create a second income during the lockdown…and come out stronger

15.  Learn
how to make money from
property without deposits, mortgages or cash

Millions of people face a bleak future post-Coronavirus
lockdown, as businesses disappear and the job furlough scheme eventually comes
to an end. However, life doesn’t have to end because of lockdown! You can join
thousands of ordinary people who have increased their income and added
streams of new income during this period.

Are you ready to adapt to the new economic model?

As lockdown restrictions around the world are being eased,
the economic model has subtly changed forever. How will you adapt to this new
way of working and running a business, what obstacles and opportunities lies
ahead? Will you be a participant or spectator in this revolution?

By Charles Kelly, Property Investor, Author of Yes, Money
Can Buy You Happiness and creator of Money Tips Podcast.

There are more examples and practical
steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3
R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it
out on Amazon http://bit.ly/2MoneyBook.

If you’d like further information on how to survive the
crisis and even quit the rat race, email me at Charles@CharlesKelly.net
or send me a message through Facebook or my Money Tips Daily community. See
more articles at www.moneytipsdaily.com