LONDON – The British economy looks set to fall back into recession after official figures on Friday showed that it shrank by 2.6% month-on-month in November, when much of the country was in a second coronavirus lockdown.The Office for National Statistics said that as a result of the fall, the economy is 8.5% smaller than its pre-pandemic peak.
When the pandemic struck last spring, the economy contracted by up to a fifth over the first half of the year, before a summer easing of restrictions saw the economy recover a chunk of those losses.Because of the November fall, the economy is set to contract again in the fourth quarter.With most of the U.K.