بنكي | UK Economy

Unexpected Contraction Hits UK Economy in May Amid Mounting Domestic and Global Pressures

The UK economy unexpectedly contracted in May for the second consecutive month, highlighting the mounting challenges facing both households and businesses as they continue to grapple with the aftershocks of U.S. tariffs and domestic tax hikes.

UK Economy Grows by 0.7% in Q1, Marking Fastest Pace in a Year

UK Economy Contracts in April Due to U.S. Tariffs

The UK economy experienced a sharp contraction in April 2025, reflecting the economic shockwaves caused by the recent decision by U.S. President Donald Trump to impose broad tariffs on imported goods. This marked the most significant monthly decline in GDP since October 2023.

UK Economy Outperforms Expectations with Accelerated Growth in Q1 2025

The UK economy showed unexpected growth in March, contributing to the strongest quarterly expansion of GDP in the first quarter of 2025. These figures, released by the government, were welcomed by Chancellor Rachel Reeves amid hopes of an economic rebound following a slowdown period.

Unexpected Contraction in the UK Economy Poses New Challenges for the Labour Government