Another blow for Rachel Reeves as UK economy shrinks ahead of crunch Budget
GDP is estimated to have fallen 0.1% in January 2025, figures from the Office of National Statistics (ONS) show. The drop was driven by a slowdown in the production sector. We'll be bringing you the very latest updates, pictures and video on this breaking news story.
Spring Budget 2025: when is the UK Spring Statement, date - Chancellor Rachel Reeves announcement predictions
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UK economy shrinks in January as output hit by large drop in production
The Office for National Statistics (ONS) confirmed the UK economy contracted by 0.1 per cent in January after a sharp drop in ...