UK economy unexpected contract 0.1% in January


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The UK economy unexpectedly contracted by 0.1 percent in January, wiping the Chancellor Rachel Reeves ahead of his high-stakes spring statement this month.

Friday GDP GDP number on Friday from the Office for National Statistics is below 0.1 per cent of economists reserved by the economists entered with reuters and 0.4 percent of December.

Chancellor is preparing to change the public expenditures of March 26th Spring statement after growing numbers and borrowing numbers that arouse his fiscal rules.

Fallout from US president Donald Trade Battle of Trade added to headwinds facing the UK.

The bath is weak after release data, by 0.2 percent against the dollar for $ 1.292.

The Bank of England is expected to continue with rates with 4.5 percent of its meeting next week between the flickers of the rose inflation. In the last month, the Boe cuts the economic growth forecast for the first quarter of 2025 to 0.1 percent from 0.4 per cent expected in November.

Labor wins the total election in July with a promise of development, but the reeves are facing criticism of his October budget, leaving businesses with tax increases.

This is an emerging story



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