Rachel Reeves unveiled her spending review yesterday.

The UK economy shrank by 0.3% during April after Donald Trump imposed sweeping tariffs on foreign imports, official numbers show.

It’s a blow to Rachel Reeves, who tried to splash the cash for government departments in her spending review yesterday.

The Office for National Statistics (ONS) found the economy declined by more than was expected – economists had predicted a 0.1% contraction.

It pointed to a 0.4% fall in services output across April – having recorded a 0.4% growth in the sector the previous month – and was the largest contributor to the decline in gross domestic product (GDP) in the month.

Production output fell by 0.6% too, but construction output did increase by 0.9%.

The decline follows Trump’s so-called liberation day, where the US imposed 10% tariffs........

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