US EditionUK economy contracted sharply in April after Trump's tariffs with record export fall
- In April 2025, the UK economy shrank by 0.3%, representing its most significant decline since October 2023 and surpassing economists' expectations of a 0.1% decrease.
- This downturn came after a robust expansion in the early months of the year and was influenced by the tariffs introduced by President Trump, increased domestic taxes, and the conclusion of a temporary property tax incentive.
- Data showed sharp declines in goods exports to the US, falls in industrial production and services output, while construction output grew, and firms slowed hiring and investment due to higher labour costs.
- ONS director Liz McKeown stated April saw the largest fall in US goods exports after tariffs, while Chancellor Rachel Reeves called the GDP data “clearly disappointing” but reaffirmed plans for economic renewal.
- The contraction challenges April's growth momentum and reflects ongoing economic uncertainty, with the Bank of England forecasting 1% growth for 2025 amid inflation and sluggish activity.
85 Articles
85 Articles
April was a bad time for Britain’s economy. Trump’s tariffs are a big reason why
By Anna Cooban, CNN London (CNN) — Britain’s economy shrank by the most in nearly two years in April, when President Donald Trump’s tariffs also caused UK goods exports to the United States to fall by a record amount. Gross domestic product contracted by an estimated 0.3% that month – after expanding 0.2% in March
UK economy shrank in April as tariffs, tax hike kicked in
LONDON, United Kingdom — Britain’s economy shrank more than expected in April, official data showed Thursday, in the first month of the Labour government’s business tax hike and US President Donald Trump’s reciprocal tariffs onslaught. Gross domestic product contracted 0.3 percent in the month, compared with 0.2 percent growth in March, the Office for National Statistics said in a statement. That falls below the 0.1 percent contraction expected …
InsideNoVA.com
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 the United States due to President Donald Trump's tariffs, official data showed Thursday.
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