Close Menu
Straightnews

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Akpabio, Eno, Sampson and Idem Set for APC Primaries

    May 11, 2026 --- 3:53 pm

    Akwa Ibom Police Arrest 2 Suspected Illegal Arms Suppliers, Recover Arms

    May 10, 2026 --- 2:36 pm

    Establish Crisis Notification Unit in South Africa- Tinubu Directs Nigerian Missions

    May 9, 2026 --- 10:18 am
    Facebook X (Twitter) Instagram
    Trending
    • Akpabio, Eno, Sampson and Idem Set for APC Primaries
    • Akwa Ibom Police Arrest 2 Suspected Illegal Arms Suppliers, Recover Arms
    • Establish Crisis Notification Unit in South Africa- Tinubu Directs Nigerian Missions
    • Ted Turner, CNN founder, dies
    • Shakira, with Burna Boy, Unveils 2026 World Cup Anthem
    • Fate of UniUyo Dentistry students Uncertain over non-accreditation crisis forcing Parents to Raise Alarm
    • ‘We Changed Procedural, Not Eligibility In Senate Rules’ – Adegbomire  
    • Senate Reverses Election Procedure for Presiding Officers
    Facebook X (Twitter) Instagram
    Straightnews
    • Home
    • About Us
      • About StraightNews
      • Our Philosophy
      • Editorial Board
    • News
      • Nationwide News
      • Community News
      • Regional News
        • North Central
        • North East
        • North West
        • South East
        • South South
        • South West
    • Nigeria
      • Politics
      • Economy
      • Education
      • Security
      • Energy
      • Agriculture
      • Health
      • Labour
      • Environment
      • Technology
      • Real Estate
      • Transportation
      • Judiciary
      • Electricity
    • Foreign
      • Africa
        • West Africa
        • South Africa
        • North Africa
        • East Africa
      • America
      • Asia
      • Europe
    • Social
      • Photo Gallery
      • Entertainment
      • Events
      • Fashion
      • Fitness
      • Short Stories
      • Lifestyle
      • Relationship
      • Travel
      • Specials
        • Personality Interview
        • Special Reports
        • Profile
    • Articles
      • Editorial
      • Opinion
      • Essay
    • Sports
    • Contact Us
    Straightnews
    Home»Nigeria»Economy»UK Economy Shrivels By 2.6%
    Economy

    UK Economy Shrivels By 2.6%

    straightnewsng.comBy straightnewsng.comJanuary 15, 2021 --- 11:35 amNo Comments1 Min Read
    WhatsApp Facebook Twitter Pinterest LinkedIn Tumblr Email
    UK economy straightnews
    UK economy
    Share
    WhatsApp Facebook Twitter LinkedIn Pinterest Email

    As England was placed in COVID-19 lockdown for a second time, the United Kingdom economy shrank by 2.6 per cent in November last year, official figures show.

    The Office for National Statistics said it meant gross domestic product was 8.5 per cent below its pre-pandemic peak.

    November’s decline came after six consecutive months of growth.

    Pubs and hairdressers were badly hit as the service sector suffered, the ONS said, but some manufacturing and construction activity improved.

    The hit to the service sector – which accounts for about three-quarters of the UK economy – meant it contracted by 3.4 per cent in November, and is now 9.9% below the level of February 2020.

    Chancellor Rishi Sunak said the figures showed “It’s clear things will get harder before they get better and today’s figures highlight the scale of the challenge we face”.

    However, he said the vaccine roll-out and economic support measures meant there were reasons to be hopeful. “With this support, and the resilience and enterprise of the British people, we will get through this,” he said.  (BBC NEWS)

    Chancellor Rishi Sunak Office for National Statistics United Kingdom
    Share. WhatsApp Facebook Twitter Pinterest LinkedIn Tumblr Email
    straightnewsng.com
    • Website

    Related Posts

    FAAC Shares N2trn Among FG, States and LGCs in March

    April 23, 2026 --- 10:01 am

    Nigeria’s Inflation rises to 15.38% in March

    April 15, 2026 --- 11:54 pm

    Ibom Deep Seaport development, not a sprint but a marathon- Gov Eno

    April 9, 2026 --- 1:32 pm

    Comments are closed.

    Search
    Our Picks
    Don't Miss
    Politics

    Akpabio, Eno, Sampson and Idem Set for APC Primaries

    By straightnewsng.comMay 11, 2026 --- 3:53 pm0

    APC Clears Akpabio, Gov Eno for Senatorial and Governorship Primaries As Sen. Sampson and Bassey…

    Akwa Ibom Police Arrest 2 Suspected Illegal Arms Suppliers, Recover Arms

    May 10, 2026 --- 2:36 pm

    Establish Crisis Notification Unit in South Africa- Tinubu Directs Nigerian Missions

    May 9, 2026 --- 10:18 am

    Ted Turner, CNN founder, dies

    May 9, 2026 --- 12:17 am

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    About Us
    About Us

    The publication is committed to the principles of development journalism. We are prepared to change the public perception that the profession is a harbinger of hate, blackmail, sycophancy, prejudice and falsehood.

    We pledge to use journalism practice to give voice to the voiceless and to give people of all shades of opinions an opportunity to tell their stories.
    We're accepting new partnerships right now.

    Recent Posts
    • Akpabio, Eno, Sampson and Idem Set for APC Primaries
    • Akwa Ibom Police Arrest 2 Suspected Illegal Arms Suppliers, Recover Arms
    • Establish Crisis Notification Unit in South Africa- Tinubu Directs Nigerian Missions
    • Ted Turner, CNN founder, dies
    • Shakira, with Burna Boy, Unveils 2026 World Cup Anthem
    Facebook X (Twitter) Instagram Pinterest
    • Advertise With Us
    © 2026 Straightnews Wire Limited

    Type above and press Enter to search. Press Esc to cancel.