The UK is facing the worst hit to its economy in more than 300 years due to coronavirus, with fears the effects will last until 2024.
Reports claim the Government's forthcoming Spending Review will reveal the UK's economy will contract by almost 11% in 2020, the worst annual performance for more than three centuries.
The pandemic has reaped huge damage on the economies of countries around the world as businesses are forced to shut and people stay at home to curb the spread of the deadly disease.
The Financial Times said, based on previous Office for Budget Responsibility and Bank of England statements, the Chancellor Rishi Sunak is likely to publish forecasts showing the country's economy would still be reeling from the impact of