UK economy ended 2020 better than previously thought

LONDON (AP) — Official figures show that the British economy ended 2020 on a stronger footing than previously thought but that it suffered a bigger than anticipated fall in output in the immediate aftermath of the first coronavirus lockdown. Overall, the Office for National Statistics said, the British economy ended 2020 9.8% smaller, slightly better than the previous estimate of 9.9%. Despite the modest revision, the contraction last year was the deepest in over 300 years. The combination of falling coronavirus infections and the rapid rollout of vaccines has spurred hopes about a pick-up in economic activity in the spring as lockdown restrictions are lifted.