UK Economy Declines in April Amid Trump Tariffs and Tax Hikes
TL;DR Summary
The UK economy contracted by 0.3% in April due to global trade tariffs imposed by the US and domestic tax increases, leading to declines in industrial and service output, with economists predicting weaker growth for the rest of 2025.
- UK economy shrank sharply in April as Trump tariffs and tax rises kicked in CNBC
- Reeves can't escape impact of sluggish economy BBC
- UK Goods Exports to US Fall Most on Record as Trump Tariffs Hit Bloomberg
- UK GDP report to show if economy kept growing in April – business live The Guardian
- Trump tariffs a big factor - but latest UK economic performance makes for unpleasant reading Sky News
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