At today’s government press briefing, the chancellor, Rishi Sunak, said that the Office of Budget Responsibility (OBR) expects a strong bounce back in the UK economy later this year.
The OBR report did in fact predict that the UK economy could contract by 35 per cent by the end of June, but would then stage a strong recovery, but even so it still expects the economy to be 12.8 per cent smaller by the end of the year compared to the end of 2019.
Mr Sunak said: “We are not going to sit back and let this happen.” He then went to remind the viewing public of the measures he had previously announced to support the economy.
He said: “It’s not a case of choosing between the economy and public health. Common sense tells us that doing so would self-defeating.”
Mr Sunak said that so far, 312,599 people have been tested for the Coronavirus, 93,873 tested positive and 12,107 have died in hospital.
Because of the way the Easter long weekend distorts the data, it is quite hard to discern a trend.
We can say that the daily number of deaths peaked on April 10th.
As the week progresses and the effect of the Easter weekend drops out of the figures it will be easier to see if the UK is close to seeing the daily number of deaths peak.