GDP falls as manufacturing, services and construction contract amid inflation and soaring energy bills
- Live coverage: UK economy shrank by 0.3% in April
The UK economy unexpectedly shrank in April as soaring energy costs and supply chain disruption dragged down manufacturing amid the cost of living crisis.
In figures highlighting the growing risk of recession, the Office for National Statistics said gross domestic product (GDP) fell by 0.3% on the month, after a 0.1% decline in March as consumers reined in their spending amid soaring household energy bills.
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