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'Clearly disappointing' as Trump tariffs hit economy
Burton Mail
|June 13, 2025
THE economy saw the biggest monthly contraction for 18 months in April as manufacturing activity pulled back sharply amid a record drop in exports to the US following President Donald Trump's tariff hikes.
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Official figures showed gross domestic product (GDP) fell by 0.3% in April, compared with growth of 0.2% the previous month, and marking the biggest contraction since October 2023. It was worse than the 0.1% contraction expected by economists.
Chancellor Rachel Reeves acknowledged that the latest GDP figures were “clearly disappointing’, but insisted her spending review would help deliver growth.
Diese Geschichte stammt aus der June 13, 2025-Ausgabe von Burton Mail.
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