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Economics2h 3m ago

The British economy contracted by 0.1% in April, consistent with market expectations, according to estimates released by the Office for National Statistics.

United Kingdom

Who
Office for National Statistics (ONS), Bank of England (BoE), UBS analysts
What
The British economy contracted by 0.1% in April, consistent with market expectations, according to estimates released by the Office for National Statistics.
When
Fri, 12 Jun 2026 14:24:22 GMT · 2h 3m ago
Where
United Kingdom ·
Why
The decline in activity was primarily due to a 0.2% contraction in the services sector that could not be offset by growth in construction.
The Frontline Impact

How this affects you

This economic contraction, following two months of growth, complicates the Bank of England's efforts to manage inflation and growth, especially as annual growth is projected to slow and inflation may rise again.

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