UK economy shrank by 0.3% in April, biggest fall since October 2023, as trade with the US slumped

The figures are for April which is also when a hike in employer National Insurance contributions kicked in.

Worse than forecast April GDP data shows challenge facing Rachel Reeves to kickstart growth to fund spending review

Rachel Reeves is ‘disappointed’ with lower GDP growth after businesses front-loaded exports to the US before President Trump’s ‘Liberation Day’ trade tariffs

UK economy shrank by 0.3% in April, biggest fall since October 2023, as trade with the US slumped

The U.K. economy shrank sharply in April as global trade tariffs and domestic tax rises kicked in, data showed Thursday.

Shipments of commodities, cars and metals to the U.S. from Britain all dropped sharply in April.