Versions :<1234567Live>
Snapshot 3:Thu, Jun 12, 2025 9:00:15 AM GMT last edited by ArthursSeat22

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

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

Image copyright: 

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



Articles on this story

Sign Up for Our Free Newsletters
Sign Up for Our Free Newsletters

Sign Up!
Sign Up Now!