UK GDP shrinks in March as consumers cut spending

United States News News

UK GDP shrinks in March as consumers cut spending
United States Latest News,United States Headlines
  • 📰 The Guardian
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 53%

Spending in shops drops steeply as ONS data shows economy struggling before higher energy bills and tax rises

The deepening cost of living crisis is denting UK consumer spending.Britain’s economyas consumers cut back on spending in the face of the rising cost of living, the latest official figures show.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

The Guardian /  🏆 84. in UK

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK economy shrank 0.1% in MarchUK economy shrank 0.1% in MarchThe economy went into reverse in March for the first time since the end of last year as hard stretched consumers began reining in their spending
Read more »

UK economy shrank in March amid rising pricesUK economy shrank in March amid rising pricesThe economy contracted by 0.1% in March after no growth in February, official figures show.
Read more »

Boris gives EU last chance over hated Brexit deal as Truss warns UK will 'take action'Boris gives EU last chance over hated Brexit deal as Truss warns UK will 'take action'BREXIT BRITAIN gives talks with the European Union 'a last chance' as Boris Johnson prepares to tear up parts of the Northern Ireland Protocol, reports suggest.
Read more »

Threat of being sent to Rwanda ‘harming health of UK asylum seekers’Threat of being sent to Rwanda ‘harming health of UK asylum seekers’Rights organisations say refugees going into hiding as Home Office admits LGBTQ+ people could face persecution in African country
Read more »

Threat of being sent to Rwanda ‘harming health of UK asylum seekers’Threat of being sent to Rwanda ‘harming health of UK asylum seekers’Rights organisations say refugees going into hiding as Home Office admits LGBTQ+ people could face persecution in African country
Read more »

Brexit: UK considers plan to scrap parts of NI ProtocolBrexit: UK considers plan to scrap parts of NI ProtocolThe government could take unilateral action on Brexit trade arrangements as soon as next week.
Read more »



Render Time: 2025-03-01 11:43:34