News

U.K. Economy Shrinks on Tariff Hit
The U.K. contracted more than expected in April as the uncertainty created by Trump’s evolving trade policy brought a halt to ...
UK economy shrinks by the most since 2023 as US tariffs hit
Britain's economy slowed sharply in April, reflecting shockwaves from U.S. President Donald Trump's announcement of ...
UK economy shrinks by 0.3% in April, ONS says
Britain's economic output contracted by a worse-than-expected 0.3% in April, when shockwaves from U.S. President Donald Trump ...
Agence France-Presse on MSN3d
UK economy shrinks in April as US tariffs kick in
Britain's economy shrank more than expected in April following a tax hike on UK businesses and a record drop in exports to ...
Service side of economy shrinks for first time in almost a year — another trade war casualty
The large service side of the U.S. economy contracted in May for the first time in almost a year, another victim of ongoing ...
Blow for Rachel Reeves after UK economy shrinks by more than expected
The UK economy contracted by 0.3 per cent in April in another blow to Rachel Reeves, figures from the Office for National ...
Tax hikes will come if economy shrinks any further, IFS warns Rachel Reeves
In a scathing assessment, the Institute for Fiscal Studies (IFS) suggested the Treasury was at times ‘making up the numbers’ ...
Wall Street Journal3d
U.K. Economy Shrinks on Tariff Hit
The U.K. economy contracted more than expected in April as the uncertainty created by President Trump’s evolving trade policy brought a halt to a surprising surge in activity. Gross domestic ...
European stocks decline amid negative tariff sentiment; UK economy shrinks more than expected
Futures data from IG suggests London's FTSE will open 33 points lower at 8,838, Germany's DAX down 189 points at 23,783, ...
Trump’s tariffs would cut US deficits by $2.8T over 10 years and shrink the economy, CBO says
President Donald Trump’s sweeping tariff plan would cut deficits by $2.8 trillion over a 10-year period while shrinking the ...
Agri-Pulse11d
CBO: Tariffs will shrink economy, raise prices, cut deficits
Tariffs imposed on trading partners by the Trump administration would shrink the economy and increase inflation but also ...
CBO says Trump's tariffs will shrink the economy and add to inflation but reduce the deficit
Nonpartisan Congressional Budget Office estimates that Trump’s tariffs would shrink the economy and add to inflation while reducing the federal deficit by $2.8 trillion.