News

U.K. Economy Shrinks on Tariff Hit
Production at the country’s factories contracted more than expected in April as evolving U.S. trade policy brought a halt to ...
Economy shrinks by more than expected amid record fall in exports to the US
ONS director of economic statistics Liz McKeown said: “After increasing for each of the four preceding months, April saw the ...
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’ ...
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 ...
Blow for Rachel Reeves after UK economy shrinks by more than expected
The UK economy contracted by 0.3 per cent in April in another blow to Rachel Reeves, figures from the Office for National ...
UK’s economy shrinks more than expected, Trump’s trade war hits it hard
National Statistics revealed that the UK economy contracted by 0.3 per cent in April, marking the worst monthly drop since ...
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, ...