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UK Suffers Biggest Economic Drop in 300+ Years
By GuyEWood
The UK economy just posted its largest annual drop since Sir Isaac Newton was figuring out why things drop.
According to the Bank of England, 2020’s 9.9% contraction was the biggest blow to output since 1709, when the economy tanked 13% due to the “Great Frost” — the coldest European winter in the last 500+ years.
MY TAKE: The pandemic has been tough of one of our greatest allies and the pain will reverberate long after the United Kingdom’s economy recovers.
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