UK Economy Shrinks Sharply in April, Hit by US Trade War and Tax Hikes
12 Jun 2025
UK economy shrinks April 2025 by 0.3%, its sharpest monthly decrease since October 2023. Economists were caught off guard, forecasting just a 0.1% decline. The recent previous growth in March and February was reversed in April. Increases in taxes, poor manufacturing, and a precipitous fall in exports to the US...
Read More