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Evening Standard
Evening Standard
Business
Holly Williams

UK economy shrinks by more than expected in April – ONS

Office for National Statistics Economy United Kingdom Rachel Reeves GDP

The UK economy saw the biggest monthly contraction for a year-and-a-half in April in a setback to Chancellor Rachel Reeves.

The Office for National Statistics (ONS) said that gross domestic product (GDP) fell by 0.3% in April, compared with growth of 0.2% the previous month and marking the biggest contraction since October 2023.

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