UK economy contracts in January, signalling a tougher spring statement ahead
UK economy contracts in January, signalling a tougher spring statement ahead
The UK economy unexpectedly shrank by 0.1% in January, piling pressure on Chancellor Rachel Reeves as she prepares for this month’s spring statement. Manufacturing, oil and gas extraction, and construction all weakened, pointing to a challenging outlook. Read more: UK economy contracts in January, signalling a tougher spring statement ahead
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