News

U.K. Economy Shrinks on Tariff Hit
The U.K. contracted more than expected in April as the uncertainty created by Trump’s evolving trade policy brought a halt to ...
UK economy shrinks by the most in nearly two years, ONS says
Britain's economic output contracted sharply in April in April, when shockwaves from U.S. President Donald Trump's ...
Tax hikes will come if economy shrinks any further, IFS warns Rachel Reeves
In a scathing assessment, the Institute for Fiscal Studies (IFS) suggested the Treasury was at times ‘making up the numbers’ ...
Trump’s tariffs would cut US deficits by $2.8T over 10 years and shrink the economy, CBO says
President Donald Trump’s sweeping tariff plan would cut deficits by $2.8 trillion over a 10-year period while shrinking the ...
Service side of economy shrinks for first time in almost a year — another trade war casualty
The large service side of the U.S. economy contracted in May for the first time in almost a year, another victim of ongoing ...
UK’s economy shrinks more than expected, Trump’s trade war hits it hard
National Statistics revealed that the UK economy contracted by 0.3 per cent in April, marking the worst monthly drop since ...
Rachel Reeves refuses to rule out Autumn Budget tax rises as economy shrinks 0.3% in April
The UK economy shrank by 0.3% in April, figures revealed on Thursday, in a blow to Chancellor Rachel Reeves as her Spending ...