UK economy contracts unexpectedly in January by 0.1%

Future uncertain as the UK wades through muddy economic waters

The UK economy looks increasingly vulnerable after economic activity fell into negative territory during January

Chancellor ‘Determined to Turn Around’ Economy Amid Surprise Fall in GDP

Chancellor Rachel Reeves has vowed to “turn around the poor performance of more than a decade” after Britain’s economy contracted in the first month of the year. Official figures showed GDP fell by 0.1 percent in January amid a sharp decline in the manufacturing sector, surprising economists who had forecast a slight increase. It follows 0.4 percent growth in GDP in December, the Office for National Statistics (ONS) said, and comes as a blow to …

U.K. economy shrinks in January in fresh setback for Starmer

The UK economy unexpectedly shrank at the start of 2025, piling fresh pressure on Prime Minister Keir Starmer’s government over the lack of momentum since Labour returned to power last summer. Gross domestic product fell 0.1% in a storm-hit January, driven by declines in manufacturing and construction, the Office for National Statistics said Friday. Economists had expected a 0.1% increase. It means output is still barely larger than when Labour …

UK 'no longer a rich country' after 15 years of stagnation

The United Kingdom is no longer a rich country after 15 years of stagnation and 'plummeting living standards', according to economists.

UK economy shrinks in first month of 2025 in setback for Rachel Reeves

The UK economy has shrunk in the first month of 2025 in a setback for Chancellor Rachel Reeves ...

UK economy contracts in January amid faltering production sector

The latest economic figures for January came after a surprise leap in growth before Christmas.