Video Duration 02 minutes 33 seconds

UK economy: Bank warns of biggest decline in century

This week, the Bank of England forecast the economy would contract by 9.5 percent over the year.

The latest Bank of England forecast says the British economy is facing its biggest annual decline for 100 years.

And bankers warn it could take more than a year to get back to pre-lockdown levels, provided there is not a second surge of coronavirus infections.

Al Jazeera’s Neave Barker reports from London, UK.