BUSINESS LIVE: UK economy shrunk 20% in April, official figures reveal, as US Covid-19 case numbers spook investors and send Wall St plunging

The FTSE is on the up today despite the rising number of Covid-19 cases in some American states spooking investors.  The market rise also comes despite reports that the UK economy shrank by an astonishing 20.4 per cent in April - the biggest fall ever - as coronavirus wreaked havoc.