Economy News: UK economy shrunk in April as tax rises and US tariffs kicked in

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Economic News Reports

Details: Written by Bing News Search Results; Category: Economic News Reports; Published: 12 June 2025; Created: 12 June 2025; Last Updated: 12 June 2025

The UK economy shrunk by more than expected in April as taxes rose for firms, household bills increased and exports to the US plunged. The economy contracted by 0.3%, more than the 0.1% fall predicted by economists.
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Source:www.bbc.co.uk

Posted: 2025-06-12 12:14:00

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