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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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UK

Who
Office for National Statistics (ONS), Rachel Reeves
What
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.
When
Fri, 12 Jun 2026 06:14:43 GMT · 4h 16m ago
Where
UK ·
Why
The fall was driven by a decline in output from the key services sector, with some businesses citing the conflict in the Middle East as having raised costs and affected turnover.
The Frontline Impact

How this affects you

The contraction marks the first monthly decline since August last year for the UK economy, with specific impact noted in arts, entertainment, and sports activities due to event cancellations in the Middle East, alongside reduced turnover in some manufacturing, wholesale, warehousing, and travel sectors. Chancellor Rachel Reeves noted this conflict affects the economy's prior growth trajectory and inflation efforts.

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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    The UK's economy contracted by 0.1% in April, marking its first monthly decline since August.
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  6. Currently Reading4h 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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