
Britain’s economic output fell sharply in April, reflecting shockwaves from US President Donald Trump’s announcement of wide-ranging tariffs and the end of a tax break on property sales, official data showed on Thursday.
Gross domestic output shrank by a larger-than-expected 0.3 per cent in April from March – the biggest monthly drop since October 2023 and more than the 0.1 per cent fall forecast in a Reuters poll, following 0.2