UK GDP shrinks 0.3% in April; Trump’s duties and tax expiry hit growth, exports to US plunge by record £2 billion

Britain’s economy contracted 0.3% in April, the steepest monthly decline since October 2023, as US President Donald Trump’s sweeping tariffs and the expiry of a property tax break combined to derail output, official data showed on Thursday.The contraction was sharper than the 0.1% drop forecast […]