News

Tax hikes will come if economy shrinks any further, IFS warns Rachel Reeves
In a scathing assessment, the Institute for Fiscal Studies (IFS) suggested the Treasury was at times ‘making up the numbers’ ...
U.K. Economy Shrinks on Tariff Hit
The U.K. contracted more than expected in April as the uncertainty created by Trump’s evolving trade policy brought a halt to ...
UK economy shrinks by the most since 2023 as US tariffs hit
Britain's economy slowed sharply in April, reflecting shockwaves from U.S. President Donald Trump's announcement of ...
Service side of economy shrinks for first time in almost a year — another trade war casualty
The large service side of the U.S. economy contracted in May for the first time in almost a year, another victim of ongoing ...
Economy shrinks by more than expected amid record fall in exports to the US
The economy saw the biggest monthly contraction for a year-and-a-half in April as manufacturing activity pulled back sharply ...
UK’s economy shrinks more than expected, Trump’s trade war hits it hard
National Statistics revealed that the UK economy contracted by 0.3 per cent in April, marking the worst monthly drop since ...
Blow for Rachel Reeves after UK economy shrinks by more than expected
The UK economy contracted by 0.3% in April, according to the Office for National Statistics. At such a critical moment in US ...
UK economy shrinks more than expected in blow to Reeves
The UK economy saw a strong start to the year after the ONS said last month growth hit 0.7 per cent in the first quarter.