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The Independent UK
The Independent UK
Lifestyle
James Moore

Voices: The economy has shrunk yet again – but it’s not all doom and gloom...

While Keir Starmer has been entertaining the French prime minister, Emmanuel Macron, on his state visit to the UK, things have been going horribly wrong. The latest issue? The economy has shrunk yet again – for the second month on the trot.

May was when things were supposed to get back on track after a nasty contraction in April. Instead, UK plc continued in the red, with the Office for National Statistics (ONS) reporting a 0.1 per cent shrink. Now, that is an improvement from the previous month (which saw a 0.3 per cent decline), but the consensus forecast called for a return growth of 0.1 per cent.

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