The British economy unexpectedly shrank during January, piling pressure on Treasury chief Rachel Reeves before a key statement about the state of the public finances later this month. Official figures Friday showed that the economy,

The UK economy unexpectedly contracted by 0.1% in January marking the latest blow to Chancellor Rachel Reeves.

Britain's economy unexpectedly shrank in January, official data showed Friday, piling more pressure on the Labour government ahead of its Spring Statement on the economy. The data provides a fresh blow to the government and Prime Minister Keir Starmer,

The economy contracted by 0.1%

The British economy shrank in the first month of 2025 compared with December, driven by a decline in production. View on euronews