Ten Things You Need to Know Today: Wednesday 12 Aug 2020

1. Britain in recession as PM warns of ‘bumpy months’

Boris Johnson has said the British economy faces “bumpy months” ahead and has a “long, long way to go” until it sees a return to “economic vitality and health”. GDP figures announced this morning confirmed that the UK has officially fallen into recession for the first time since the 2008 financial crash. The Office for National Statistics has announced earlier this week that about 730,000 jobs have been lost since March.

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