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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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Kruti Patel Goyal

Kruti Patel Goyal takes charge as Etsy’s new CEO from January 2026

Youtube Screengrab/gracebeverley

Kruti Patel Goyal becomes Etsy’s first south Asian woman CEO as company bets big on AI-driven comeback

Highlights:

  • Kruti Patel Goyal to take over as CEO from 1 January 2026
  • She previously led Depop after Etsy’s £1.15 billion (₹12,132.5 crore) takeover
  • Silverman steps down after eight years, becomes executive chair
  • Etsy eyes AI-led growth under new leadership
  • Shares dipped nearly 9% after the announcement

Etsy’s long-time boss Josh Silverman is set to step aside, with Kruti Patel Goyal taking over the top job. Goyal has been part of Etsy’s journey for years. She once ran Depop, the resale platform Etsy purchased for about £1.15 billion (₹12,132.5 crore), before returning to the main business. Her appointment comes as Etsy looks to pick up speed again and find better ways to link its buyers and sellers, using AI as one of its tools.

Kruti Patel Goyal Kruti Patel Goyal takes charge as Etsy’s new CEO from January 2026 Youtube Screengrab/gracebeverley

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