Land Securities, or Landsec, - which is Britain’s largest commercial landlord of offices and retail - said it expects collecting rents from its huge portfolio of offices and retail outlets in June will "likely be worse” than in March, just as the start of the Covid-19 storm.

France, the rest of the eurozone, and the UK will join the Irish economy in slumping into recession this year, while the US is already shedding millions of jobs amid the Covid-19 storm, economists have warned.