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UK Economy Shrinks 0.3% in April Amid Tax Hikes, US Tariffs

UK: Economy Shrinks 0.3% in April Amid Tax Hikes, US Tariffs

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The Spin


April's economic decline was driven by external factors beyond government control, particularly Trump's tariff war that devastated UK exports to America and created widespread business uncertainty. The stamp duty changes also artificially inflated March activity as buyers rushed to complete purchases, making April's figures appear worse than the underlying trend. The quarterly growth of 0.7% shows the economy's fundamental resilience despite these temporary headwinds.


The Controversies


© 2026 Improve the News Foundation. All rights reserved.Version 7.4.1

© 2026 Improve the News Foundation.

All rights reserved.

Version 7.4.1