Business · 12 June 2026
UK economy shrinks 0.1% in April
It's the first monthly fall since last August, with the UK economy shrinking by 0.1% in April, largely due to the Iran war. Official figures from the Office for National Statistics (ONS) show the conflict caused energy prices to rise and affected businesses. This downturn was mainly driven by a 0.2% drop in services, including a 9.1% contraction in the sports industry.
Reported by Guardian · How we write briefs