UK economy shrinks as firms battle higher priceson June 13, 2022 at 6:31 am

- Advertisement -
- Advertisement -
- Advertisement -
- Advertisement -

The economy contracted by 0.3% in April after it shrank by 0.1% in March, official figures show.

Breaking News image

The UK economy shrank again in April as businesses felt the impact of price rises and supply chain shortages.

The economy contracted by 0.3% in April after it shrank by 0.1% the month before, the Office for National Statistics (ONS) said.

April’s fall was driven by the services sector due to the winding down of the NHS’s Covid test and trace operation.

The Bank of England has warned of a “sharp economic slowdown” and concerns over a recession have been raised.

- Advertisement -




‘It remains unclear if she is free’ – WTA chief casts doubt on Peng videoon November 20, 2021 at 7:19 pm

A video claiming to show Chinese player Peng Shuai out with friends is "insufficient" evidence of her welfare, says Women's Tennis Association chief Steve...

Rwanda asylum plan: European court intervention was wrong, says Raabon June 16, 2022 at 10:25 am

The justice secretary says the grounding of the flight strengthens the case for reforming human rights laws.Image source, ReutersIt was wrong for the European...

Ukraine war: What might tip the balance?on May 20, 2022 at 7:44 pm

The conflict has become a grinding and bloody affair, with both sides making gains and losses.

U.S. small firms leave $150 billion in coronavirus stimulus untapped

When the U.S. government first rolled out forgivable loans to small businesses in early April under the Paycheck Protection Program, loan officers at Bank...

Lawes declared fit to face Wales in Six Nationson February 18, 2022 at 1:57 pm

England forward Courtney Lawes is declared fit to face Wales in the Six Nations next Saturday.