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Economics4h 24m ago

The U.K. economy shrank by 0.1% in April, driven partly by a 0.2% contraction in services activity.

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U.K.

Who
U.K. economy, Office for National Statistics (ONS), Suren Thiru, Institute of Chartered Accountants in England and Wales, International Monetary Fund (IMF)
What
The U.K. economy shrank by 0.1% in April, driven partly by a 0.2% contraction in services activity.
When
Fri, 12 Jun 2026 06:06:45 GMT · 4h 24m ago
Where
U.K. ·
Why
Services activity declined and companies cited pressure from the Middle East conflict, specifically the Iran war, leading to reduced turnover and increased energy/fuel costs.
The Frontline Impact

How this affects you

The U.K.'s economic contraction is attributed to the Iran conflict, with rising fuel costs and slowing services output impacting growth and potentially making a Bank of England rate cut unlikely.

Story chain

8 events in this thread
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    Britain's economy contracted by 0.1% in April, the first monthly fall since August 2025.
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    Britain’s economy contracted by 0.1 per cent in April, official data showed on Friday.
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  5. Economics3h 57m ago
    The UK's economy contracted by 0.1% in April, marking its first monthly decline since August.
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  6. Economics4h 16m ago
    The UK's economy contracted by 0.1% in April, according to the latest official figures, as the Iran war began to have an impact on businesses.
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  7. Currently Reading4h 24m ago
    The U.K. economy shrank by 0.1% in April, driven partly by a 0.2% contraction in services activity.
  8. Economics4h 28m ago
    In April, Britain's economy saw a slight contraction of 0.1%.
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