UK Economy Contracts Sharply in April Amid Tax Hikes and Falling US Exports
London, June 12, 2025 — The UK economy experienced its steepest monthly contraction in a year and a half in April, shrinking by 0.3% — triple the 0.1% decline predicted by economists. Rising taxes on businesses, increased household bills, and a sharp fall in exports to the United States were key factors behind the downturn….