UK economy shrinks by more than expected in April in blow to Rachel Reeves | ITV News

The UK economy contracted by 0.3% in April, according to the Office for National Statistics (ONS), in a blow for Chancellor Rachel Reeves just a day after she unveiled her spending review.

Figures from the ONS showed the economy went into reverse after growing by 0.2% in March and 0.5% in February.

It was also worse than the 0.1% contraction expected by most economists.

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