UK economy shows biggest drop in 40 years in early 2020

LONDON (Reuters) - Britain's economy shrank by the most since 1979 in early 2020 as households slashed their spending, according to official data that included the first few days of the coronavirus lockdown.Gross domestic product dropped by a quarterly 2.2% between January and March, the Office for National Statistics (ONS) said.That was below the median forecast in a Reuters poll of economists for a fall of 2.0%.Prime Minister Boris Johnson will set out his plan to speed up the British..