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Insider UK
Insider UK
Business
August Graham & Peter A Walker

GDP falls 0.1% as Covid-19 vaccination programmes wind up

The UK’s economy shrank over the last three months as spending on test and trace and the Covid-19 vaccine programme subsided.

Gross domestic product (GDP) fell by 0.1% between April and June, according to the Office for National Statistics - down from a 0.8% rise during the first quarter of this year.

The data may not be the start of a recession - which is defined as two quarters of GDP decline - but experts are predicting the UK will slip into this later in the year.

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