The U.K. economy contracted more than expected in April as President Trump’s evolving trade policy brought a halt to a surprising surge in activity.Gross domestic product was 0.3% lower than a month earlier,

In a scathing assessment, the Institute for Fiscal Studies (IFS) suggested the Treasury was at times ‘making up the numbers’

The large service side of the U.S. economy contracted in May for the first time in almost a year, another victim of ongoing trade wars that have frozen hiring and caused havoc among businesses.

National Statistics revealed that the UK economy contracted by 0.3 per cent in April, marking the worst monthly drop since October 2023

The UK economy shrank by 0.3% in April, figures revealed on Thursday, in a blow to Chancellor Rachel Reeves as her Spending Review comes under growing scrutiny.

The UK economy contracted by 0.3 per cent in April in another blow to Rachel Reeves, figures from the Office for National Statistics have shown. The chancellor - who unveiled her spending review yesterday - acknowledged that the latest GDP figures were "clearly disappointing" but insisted her plan for the economy would help deliver growth.

Construction output grew by 0.9% in April bucking the trend of the wider economy which shrank during the month, according to official figures. The ONS said overall output fell by 0.3% in the month but construction’s growth followed the 0.5% rise in March and meant in the three months to April, output in the sector was up by 0.5%.