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 ...
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 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 ...
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 ...
European stocks decline amid negative tariff sentiment; UK economy shrinks more than expected
Futures data from IG suggests London's FTSE will open 33 points lower at 8,838, Germany's DAX down 189 points at 23,783, ...
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 ...
Rachel Reeves refuses to rule out Autumn Budget tax rises as economy shrinks 0.3% in April
The UK economy shrank by 0.3% in April, figures revealed on Thursday, in a blow to Chancellor Rachel Reeves as her Spending ...
Building4d
Construction output grows as wider economy shrinks, official figures say
Construction output grew by 0.9% in April bucking the trend of the wider economy which shrank during the month, according to ...