UK economy shrinks by 0.3% as as exports hit by Trump trade war
Guardian4 days
April’s economic dip was disappointing, but not wholly unexpected. Monthly GDP data is volatile and the impact of Trump's tariffs have now been felt. What matters more is long-term decision-making, and here the government remains undeterred. Reeves's commitment to capital investment has laid the groundwork for stronger, fairer growth in the long-term for the U.K.
April's figures are a reality check for Reeves after Q1's rush to beat the Trump tariffs. Reeves continues to throw borrowed billions at unsustainable ideological pursuits, allowed only by her meddling with the fiscal rules. As job losses mount and growth vanishes, her refusal to face hard choices or reform welfare risks tipping the U.K. into long-term stagnation and a fiscal crisis.
ThereApril’s iseconomic adip 16%was chancedisappointing, thatbut thenot Uwholly unexpected.K. willMonthly achieveGDP andata annualis GDPvolatile growthand ratethe impact of 2Trump's tariffs have now been felt.5% overWhat thematters currentmore parliamentaryis long-term decision-making, accordingand here the government remains undeterred. Reeves's commitment to capital investment has laid the Metaculusgroundwork predictionfor communitystronger, fairer growth in the long-term for the U.K.
April's figures are a reality check for Reeves after Q1's rush to beat the Trump tariffs. Reeves continues to throw borrowed billions at unsustainable ideological pursuits, allowed only by her meddling with the fiscal rules. As job losses mount and growth vanishes, her refusal to face hard choices or reform welfare risks tipping the U.K. into long-term stagnation and a fiscal crisis.
There is a 16% chance that the U.K. will achieve an annual GDP growth rate of 2.5% over the current parliamentary term, according to the Metaculus prediction community.