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UK economy shrinks by the most in nearly two years, ONS says
Khaleej Times
|June 13, 2025
Output contracts 0.3% Shrinkage in UK's GDP in April from March
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Britain's economic output contracted sharply in April, when shockwaves from US President Donald Trump's announcement of wide-ranging tariffs hit the global economy, official data showed on Thursday.
Gross domestic output shrank by a worse-than-expected 0.3 per cent in April from March — the biggest monthly drop since October 2023 and a much bigger drop than the 0.1 per cent fall forecast in a Reuters poll.
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