Coronavirus brings UK economy to its knees in April - PMI
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LONDON (Reuters) - Coronavirus hit Britain's economy in April with more force than even the most pessimistic forecasters had feared as businesses reported an historic collapse in demand during a nationwide lockdown, a survey showed on Thursday.The IHS Markit/CIPS Flash UK Composite Purchasing Managers' Index (PMI) fell to a new record low of 12.9 from 36.0 in March - not even close to the weakest forecast in a Reuters poll of economists that had pointed to a reading of 31.4.The scale of the..