News

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 ...
Reeves refuses to rule out tax rises after economy shrinks
The chancellor highlights "uncertainty" in the world as economists warn of tax rises if the economy fails to grow.
UK economy shrinks by the most in nearly two years, ONS says
Britain's economic output contracted sharply in April in April, when shockwaves from U.S. President Donald Trump's ...
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’ ...
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 ...
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 ...
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.
Blow for Rachel Reeves after UK economy shrinks by more than expected
The UK economy contracted by 0.3 per cent in April in another blow to Rachel Reeves, figures from the Office for National ...
UK economy contracted by 0.3% in April
The UK economy contracted by 0.3 per cent in April, the steepest monthly drop since 2023, underscoring the challenge for ...