UK economy experiences shock contraction in April

The first month of the new financial year saw GDP fall by 0.3%

Elliot Gulliver-Needham
clock • 2 min read
UK economy experiences shock contraction in April

UK GDP shrank by 0.3% in April, coming in below expectations amid fears of an impending recession, according to data released by the Office for National Statistics (ONS).

The ONS today (13 June) said April was the first month that all main sectors (manufacturing, construction and services) have contributed negatively to GDP since January 2021. The drop in GDP was...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Asset-backed finance solutions investment manager formally launched

Asset-backed finance solutions investment manager formally launched

Evermill Capital will look to deliver tailored asset-backed financing solutions

Martin Richmond
clock 05 December 2024 • 1 min read
Solving the housing crisis – finding opportunities in 'ignored' cities and towns

Solving the housing crisis – finding opportunities in 'ignored' cities and towns

Underinvested locations are signalling a chronic disparity in supply and demand

Tim Munn
clock 03 December 2024 • 4 min read
The case for pension scheme investment in Bitcoin

The case for pension scheme investment in Bitcoin

A Cartwright-advised scheme has allocated 3% of its assets to Bitcoin… Sam Roberts explains why this move makes sense

Sam Roberts
clock 03 December 2024 • 7 min read
Trustpilot