UK economy shrank in April as tax rises and US tariffs kicked in

JUNE 12 - The UK economy shrank by more than expected in April as taxes increased for businesses, household bills jumped and exports to the US plunged. Kenya breaking news | Kenya news today |..

✨ Key Highlights

The UK economy contracted by 0.3% in April, largely due to increased taxes and tariffs imposed by the US, significantly impacting exports.

The contraction exceeded economists' expectations of a 0.1% decline.
Chancellor Rachel Reeves expressed determination to stimulate economic growth despite the disappointing figures.
Monthly growth may be volatile, but the more stable three-month figure showed an increase of 0.7%.

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Economic and Environmental Challenges in Various Regions

Kenya faces reduced tea output due to bad weather; UK economy shrinks amid tax raises and tariffs.

Bad weather cuts Kenya’s tea output by 19pc in Q1 2025

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