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The Independent UK
The Independent UK
National
Chiara Giordano and Ben Chapman

UK economy shrank 0.1% in March as inflation and Ukraine war takes toll

United Kingdom Economy Inflation Ukraine Pandemic Office for National Statistics’ ( ONS
Getty/iStock

The UK economy shrank in March, as soaring living costs and the war in Ukraine hindered recovery from the pandemic.

Experts warned that a plunge in household incomes meant trouble ahead for the economy and that the risk of a recession was growing.

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