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Unemployment tipped to break records; House prices could drop by one-third; Queensland government’s bid to buy Virgin Australia; Melbourne McDonald’s coronavirus cluster rises to six; SA rejects AFL quarantine exemption.

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The United Kingdom is facing a “significant recession”, according to the Chancellor, Rishi Sunak. The Office for National Statistics reported a record fall in economic output in March.

The impact of the pandemic is likely to be even more damaging in the coming months, with one expert warning that the economy is in “freefall”.

The economy shrank by 2% in the first 3 months of this year, a period that includes only the first few days of the lockdown. The independent Institute for Fiscal Studies warned that the real impact of the lockdown is yet to be felt, with household spending shrinking at the fastest rate in more than 11 years. read more

Maryland Gov. Larry Hogan (R) on Wednesday is expected to announce plans concerning the first stage of the state’s coronavirus recovery efforts. At an April 24 news conference, Hogan described plans for Maryland to reopen in stages, including the gradual lifting of the state’s stay-at-home order and allowing a number of small businesses to reopen. SPECIAL OFFER: To thank you for your support, here’s a deal on a Washington Post digital subscription: $29 for one year http://washingtonpost.com/youtubeoffer. read more

Watch coronavirus livestream coverage of the outbreak as COVID-19 spreads, impacting markets and daily life across the U.S. and abroad.
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Today’s UK government daily briefing is led by Housing, Communities and Local Government Secretary Robert Jenrick. read more

At 100 years old, Owen Filer has lived through a world war and The Great Depression. Despite his long life, Owen, from Cwmbran, has as much energy as somebody half his age. ITV Wales first met Owen in January on Newport High Street – and caught up with him again in the midst of the coronavirus pandemic to hear about his life – and his thoughts about living through another global crisis. https://bit.ly/3fJwjzl

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Victorians are enjoying some re-instated freedom today. People in other states and territories will get some reprieve from coronavirus restrictions over the coming week.

The virus is still present in the general community and being passed from person- to-person so the warnings are still very much in place to be vigilant.

We’ve had the sad news in New South Wales where there’s been another death from the Ruby Princess cruise ship

In this update:

0:26 – Victoria will start to ease some restrictions. NSW will start to ease some rules involving cafes, restaurants and up to 10 people in outdoor activities on Friday. read more

The government’s emergency scheme to save millions of jobs by paying most of people’s salaries will be extended until the end of October. The Chancellor Rishi Sunak has told the BBC that many jobs have already been saved by the furlough scheme.

But there’s growing concern about the £14 billion a month cost of the scheme so the Chancellor has announced significant changes.

– Until July the government will continue to pay 80% of wages up to £2,500 per month.

– But from August employers will have to share the cost, as their staff return to work. And employers will be able to bring staff back to work part-time, which isn’t allowed at the moment. read more

While the nation’s leading health experts say the coronavirus fight is far from over, President Trump has a more optimistic assessment. NBC News’ Jane Timm fact checks the president’s claim that the U.S. has one of the lowest coronavirus death rates in the world.
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The rapidly spreading coronavirus outbreak continues to upend life around the world. Host Libby Casey will discuss the latest reporting with her Washington Post colleagues Lenny Bernstein, Rhonda Colvin, Heather Long and Amber Phillips. Read more: https://wapo.st/2WqMavd. SPECIAL OFFER: To thank you for your support, here’s a deal on a Washington Post digital subscription: $29 for one year http://washingtonpost.com/youtubeoffer.

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Today’s UK government daily briefing is led by Business Secretary Alok Sharma. He will be joined by Sarah Albon, chief executive of the Health and Safety Executive, and Prof Stephen Powis, the medical director for NHS England. read more

Watch live coverage as Dr. Anthony Fauci, CDC Director Dr. Robert Redfield and other top health officials testify remotely for a Senate hearing on the coronavirus response and efforts to reopen the economy.

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Experts say modifying behavior remains key, especially with the economy opening up.
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Watch coronavirus livestream coverage of the outbreak as COVID-19 spreads, impacting markets and daily life across the U.S. and abroad.
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There’s more optimism this morning on Australia’s efforts to limit the spread of coronavirus.

For the first time since the pandemic began there’ve been no new reported cases in a 24 hour period in Australia’s worst affected state New South Wales

The news comes while there are more announcements about restrictions gradually being lifted in different states and territories. So while there’ve been close to 100 deaths here in Australia, there is this growing sense of hope about a managed transition back to some form of normality. read more

Watch coronavirus livestream coverage of the outbreak as COVID-19 spreads, impacting markets and daily life across the U.S. and abroad.
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Live: Prime Minister Boris Johnson leads the government’s daily coronavirus update on Monday 11 May.

Yesterday the PM announced adjustments to the coronavirus lockdown in England in order to gradually “rebuild our economy and open our society”.

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Watch coronavirus livestream coverage of the outbreak as COVID-19 spreads, impacting markets and daily life across the U.S. and abroad.
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There’s a warning for Australia tonight as to countries that recently lifted restrictions have been forced to roll them back following the discovery of new outbreaks of coronavirus.

Even though Australia’s new cases stayed within single digits today, caution remains the name of the game.

Casey Briggs breaks down the numbers.

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Dr. Anthony Fauci is following a “modified” quarantine, while CDC Director Robert Redfield and FDA Director Stephen Hahn are isolating at home for two weeks. This weekend some Secret Service agents and White House employees were seen wearing masks.» Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC
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Travelers landing in Austria are now given a test for coronavirus and are either free to enter or facing a 14-day quarantine depending on their results. It’s a small step towards getting the nation back to work and a possible example for other countries.» Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC
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Victorians will be able to host up to five visitors in their homes and meet outdoors in groups of 10 from Wednesday, under the state’s first relaxation of coronavirus restrictions.

Under what Premier Daniel Andrews termed the first “safe, cautious and appropriate step” towards normality, Victorians will be able to go fishing, hiking, play golf and join walking groups, provided physical distancing is maintained.

The Government has also come to an agreed set of arrangements to allow professional sporting codes, including the AFL, to resume training from Wednesday, he said. read more

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Covid alert levels system unveiled.

UK Prime Minister Boris Johnson’s speech on his roadmap for lockdown measures in England. He explains changes to lockdown measures and launches a threat level alert system. read more

Parts of Australia are waking up to a very different reality this morning, as the States and Territories take control of when coronavirus lockdown measures will be rolled back.

We have already seen some restrictions eased over the weekend but it’s still unclear what will happen in Victoria, which currently has the strictest lockdown rules in place.

In detail:
0:44 South Australia
1:01 Australian Capital Territory
1:08 Tasmania
1:21 Queensland
1:37 New South Wales
1:50 Northern Territory
2:02 Western Australia
2:14 Victoria – will announce this morning read more