Economics

Sunak Sees U.K. Recession on Scale ‘We Have Not Seen’

‘Not obvious’ there will be an immediate bounce back: Sunak
Data point to ‘double-digit’ unemployment rate: Chancellor

Rishi SunakPhotographer: Matt Dunham/AP/Bloomberg

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By Alex Morales and David Goodman

May 19, 2020 at 3:12 PM UTC

Updated on

May 19, 2020 at 7:51 PM UTC

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The U.K. is headed into a recession unprecedented in scale, Chancellor of the Exchequer Rishi Sunak warned Tuesday as he laid bare the extent of the economic cost of the coronavirus.