UK Economy Shrinks 0.3% in April Amid Market Volatility and Trade Challenges
TL;DR Summary
European stock markets opened lower amid concerns over the UK economy shrinking 0.3% in April and record declines in UK exports to the US due to tariffs, with ongoing trade tensions and macroeconomic worries impacting investor confidence.
- Europe stock markets open lower; FTSE 100 choppy after UK economy shrinks more than expected CNBC
- UK economy shrinks by 0.3% in April, ONS says Reuters
- Spending Review: Reeves facing questions on BBC after UK economy shrinks by 0.3% in April BBC
- UK exports to US plunge as Trump tariffs hurt growth; Britain ‘turning into a National Health State’ – business live The Guardian
- Economy alert: Another blow for Rachel Reeves as GDP FELL by 0.3% in April GB News
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