Growth data points to catastrophe in making for UK economy

Rishi Sunak must act swiftly after latest figures wipe out hope of V-shaped recovery

The August growth figures for the UK were a shock – and not in a good way.

All the ingredients seemed to be in place for another month of rapid recovery from the spring slump induced by lockdown. The number of Covid-19 cases was low, no new restrictions were put in place and the public seemed eager to spend the savings accumulated earlier in the year.

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