The slowdown in January piles further pressure on Rachel Reeves and Sir Keir Starmer ahead off this month’s spring statement

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

BRITAIN’S economic growth fell unexpectedly in the first month of this year. The Office for National Statistics (ONS) said Gross Domestic Product (GDP) edged down by 0.1% in January.

Rachel Reeves has been dealt a major blow after it was revealed Britain’s economy shrank in January. The grim data was unveiled this morning by the Office for National Statistics. They said the fall in gross domestic product (GDP) was mainly down to a contraction in the production sector.

The UK economy contracted by 0.1% in January, official figures showed in a fresh blow to chancellor Rachel Reeves ahead of the spring statement. The UK’s gross domestic product contracted by 0.1% in January,

Britain's economy unexpectedly contracted in January, extending a run of stop-start data that has dogged finance minister Rachel Reeves' attempts to ignite growth, before an update to parliament on the economic outlook.