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Rishi Sunak says GDP may fall 30 per cent due to COVID-19

Britain's gross domestic product (GDP) could fall by up to 30 per cent between April and June, finance minister Rishi Sunak told his colleagues as members of the cabinet call for easing lockdown restrictions amid the COVID-19 outbreak, reports said.

Sunak discussed the possibility of a 25 per cent to 30 per cent fall in GDP in the second quarter.


Reports revealed that ten ministers were pressing for the lockdown to be eased in May.

The report, however, did not identify those ministers.

"It's important that we don't end up doing more damage with the lockdown. We're looking at another three weeks of lockdown and then we can start to ease it," a minister said.

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Asian Trader

Shailesh Solanki, Luc Badain, Sandy Chadha of Supreme PLC, Jeyaseelan Thambirajah and Kalpesh Solanki.

Convenience king Jeyaseelan Thambirajah takes home Asian Trader crown

A RETAILER from Sheffield, known for building a flourishing chain of stores, won the top prize at the prestigious Asian Trader Awards last Wednesday (5) in London.

Jeyaseelan Thambirajah runs the Pre­mier Queen Street store in Sheffield and has established a reputation for his estate of 20 convenience stores, said to be in the “premier league of convenience retailing”.

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