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The Independent UK
The Independent UK
Business
Alexander Butler

Reeves ‘disappointed’ after UK economy unexpectedly shrinks for second month in a row

Donald Trump Economy United Kingdom United States

The UK economy shrunk in May even after US president Donald Trump’s sweeping tariffs were paused, according to official figures.

The Office for National Statistics (ONS) said gross domestic product (GDP) contracted by 0.1 per cent in May. Experts had expected slight growth of 0.1 per cent in May.

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