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The Chancellor has delivered a sombre warning about the prospects for the UK economy in the wake of the coronavirus pandemic. Rishi Sunak said the nation was heading into a “severe recession” and it’s “not obvious there will be an immediate bounceback” once lockdown restrictions are eased more fully. His warning came as the latest figures showed the number of people claiming benefits for being out of work soared in April, the first full month of the lockdown, to its highest level since the 1990s. The
