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Transcripts For BBCNEWS BBC News 20200513

Definitely is still quite busy. And i think a lot of people, some people are really conscious about keeping their distance. You know, two metres, and other people just arent, really. And, good news if your lockdown lawn needs some love, as some Garden Centres re open. Good afternoon. The chancellor rishi sunak has said its very likely the uk economy will face a significant recession this year because of the coronavirus pandemic. He was speaking as official figures showed the uk economy shrank by 2 in the first three months of this year, which include the early days of lockdown. Its the sharpest dip since the Global Financial crisis in 2008. It comes as some of the lockdown restrictions have been eased in england and some people have returned to work. The Prime Minister has announced a further £600m to help tackle the virus in englands care homes. More on that shortly but first this report from our economics correspondent andy verity. If the economy looked like this at the start of the

Construction recovery rained-off in first quarter

Data shows construction still lags behind wider economic recovery

Recovery in the balance as first quarter output falls 0.9%

Construction output fell by 1.9% in February

Output in the UK construction sector is estimated to have decreased by 1.9% in volume terms in February 2024 compared to the previous month. The Office for National Statistics (ONS) said this follows a 1.1% increase in January 2024, with the monthly value in level terms at £15,229 million