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Economics1h 58m ago

Britain's economy contracted by 0.1 per cent in April, its first monthly drop since August 2025.

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UK

Who
Office for National Statistics (ONS), Thomas Pugh, Rachel Reeves
What
Britain's economy contracted by 0.1 per cent in April, its first monthly drop since August 2025.
When
Fri, 12 Jun 2026 09:30:28 GMT · 1h 58m ago
Where
UK ·
Why
The Iran war's cancellation of Formula 1 Grand Prix races and other Gulf sporting events delivered a blow to the British entertainment industry.
The Frontline Impact

How this affects you

The contraction marks the UK's first monthly economic decline in eight months, driven by the war's effects on the services sector and increased fuel import costs due to surging oil prices, leading to concerns about future growth and interest rates.

Story chain

5 events in this thread
  1. Currently Reading1h 58m ago
    Britain's economy contracted by 0.1 per cent in April, its first monthly drop since August 2025.
  2. Economics1h 59m ago
    Britain's economy contracted by 0.1 per cent in April, its first monthly drop since August 2025, as the Iran war's cancellation of Formula 1 Grand Prix races and other Gulf sporting events delivered a blow to the British entertainment industry.
    Open article
  3. Economics2h 44m ago
    The British public's expectations for inflation in the long term rose to a record high last month.
    Open article
  4. Economics2h 44m ago
    The British public's expectations for inflation in the long term rose to a record high last month after the U.S.-Israeli war on Iran sent energy prices soaring.
    Open article
  5. Economics3h 39m ago
    The UK economy contracted by 0.1 percent in April, the first decline in eight months, as an early sign of the impact of the war in Iran.
    Open article

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