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 – according to the Office for National Statistics, the sharpest month-on-month decline since October 2023.
The drop was largely due to a contraction in the services sector, which took a knock after the government ended a tax break for some home buyers.
→ Continue reading at CNN - Business News
