UK economy shrinks 0.1% in May

UK economy shrinks 0.1% in May

Britain’s economic output shrank by 0.1% in May, official data showed on Friday. Economists polled by Reuters had mostly forecast that gross domestic product would rise by 0.1% from April’s level. Britain’s economy expanded rapidly in the first quarter of 2025, outstripping growth in other countries in the Group of Seven advanced economies. In May…

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spring statement: Chancellor Rachel Reeves Announces UK Budget: Here’s how the Spring Statement 2025 could affect citizens

spring statement: Chancellor Rachel Reeves Announces UK Budget: Here’s how the Spring Statement 2025 could affect citizens

The United Kingdom’s Spring Statement 2025 brings major changes to benefits, household bills, and employment policies. While some persons will see financial gains, others—especially those on disability benefits—could face cuts, which will likely impact their daily lives. Here’s how the Spring Statement 2025 will be affecting you: 1 Changes to Benefits Millions of persons on…

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