Close Menu
    UK economy contracted by 0.3% in April
    United Kingdom

    UK economy contracted by 0.3% in April

    Share.
    View 15 Comments

    15 Comments

    1. Background_Row5869 on

      No surprises there. Job vacancies are at their lowest since 2014.

      Turns out hiking taxes on employment and investment has consequences.

      Also people are absolutely broke with little to no disposable incomes. People’s necessary costs to live have all gone up by a minimum of 30%.

      Downvoted because hurty words about Labour’s economic policies

    2. Weird-Statistician on

      The NI hike is the single biggest anti growth policy Labour came up with. All because of stupid promises not to mess with corporation tax. Tax profits not jobs.

    4. regprenticer on

      Also reported this morning is the widest trade deficit ever recorded by the ONS (according to BBC radio news) with trumps tariffs reducing UK exports AND causing cheap imports to begin to be dumped into the UK.

    6. 443319 on

      Regardless of the cause of the downturn, almost everyone is struggling financially. If most of the people I know are spending significantly less on food, material goods, and services, then the issue still extends further than the car manufacturers and stamp duty.

      IMO, what currently has a chokehold on the economy are energy prices, rent prices, and stagnant wage growth. Every year it seems like a higher percentage of the shops in my local town are boarded up vacant.

    7. ThatHuman6 on

      I’ve been away from the UK for the last 15 years. In Sydney right now. What’s exactly going off over there?

      Reading a lot of doom posts but never know what’s real/fake these days. Saw some Youtubers walking about some abandoned high streets a few months back, seemed pretty grim but again it’s hard to get a clear idea.

      My family seem happy enough when i ask them but they live in a bubble.

    8. DoomSluggy on

      Monthly reports are silly. They always bounce between positive and negative. 

      Quarterly and semi reports give you much better picture of progress. 

    9. shrbdkofjjrjrn on

      Is this so strange, though considering tariffs and NI rises? I’m surprised it’s only going back 0.3%. GDP still grew 0.7% in Q1.

    10. ukredimps2k on

      Another nail in the coffin of this government and this chancellor that don’t appear to live in the real world. Let’s be honest this story was clearly buried until after the spending review so as not to clash yesterday.

      Not saying any of the other guys are any better but man our country is struggling with the current political choices and calibre available from across the spectrum.

    12. ConsistentMajor3011 on

      Whatever your politics, this is bad news. The ‘everything’s fine’ brigade are soon to take a beating I suspect

    13. SuspiciousAgency5025 on

      Prices go up, spending goes down.

      There’s only so many yachts us mere plebs can fund.

    14. apple_kicks on

      We need to raise taxes and ease austerity and theres rich people who can take that tax hit without hurting their quality of life significantly