May’s fall in GDP follows firms cutting jobs amid higher taxes and Trump tariff uncertainty
Britain’s economy unexpectedly shrank in May, official figures show, in a blow for chancellor Rachel Reeves.
The Office for National Statistics said gross domestic product (GDP) fell by 0.1% in May, missing City predictions of a 0.1% monthly expansion.
Continue reading…May’s fall in GDP follows firms cutting jobs amid higher taxes and Trump tariff uncertaintyBritain’s economy unexpectedly shrank in May, official figures show, in a blow for chancellor Rachel Reeves.The Office for National Statistics said gross domestic product (GDP) fell by 0.1% in May, missing City predictions of a 0.1% monthly expansion. Continue reading…