top
UK economy shrank by 0.1% in April
Key takeaways
- Emer Moreau Business reporter Getty Images The UK's economy contracted by 0.1% in April, according to the latest official figures, as the Iran war began to have an impact on businesses.
- The Office for National Statistics (ONS) said the fall - the first contraction since August last year - was driven by a decline in output from the key services sector.
- Some businesses had cited the conflict in the Middle East as having raised costs and affected turnover, the ONS said.
Why this matters: a developing story that could shape the day's news cycle.
Emer Moreau Business reporter Getty Images The UK's economy contracted by 0.1% in April, according to the latest official figures, as the Iran war began to have an impact on businesses.
The Office for National Statistics (ONS) said the fall - the first contraction since August last year - was driven by a decline in output from the key services sector.
Some businesses had cited the conflict in the Middle East as having raised costs and affected turnover, the ONS said.
Article preview — originally published by BBC News. Full story at the source.
Read full story on BBC News →
More top stories
Also covered by
Aggregated and edited by the Scoop newsroom. We surface news from BBC News alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop