The Guardian

UK economy shrinks unexpectedly by 0.1% in blow to Rachel Reeves


May’s fall in GDP fuelled by sharp declines in manufacturing and construction

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Britain’s economy unexpectedly shrank in May, fuelled by sharp declines in manufacturing and construction, in a blow for chancellor Rachel Reeves.

The Office for National Statistics said gross domestic product fell by 0.1% in May, missing City predictions of a 0.1% monthly expansion.

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Source link : https://www.theguardian.com/business/2025/jul/11/uk-economy-rachel-reeves-gdp-taxes-trump-tariffs

Author : Richard Partington Senior economics correspondent

Publish date : 2025-07-11 07:02:00

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Tags : The Guardian
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