The UK economy shrank in April, missing forecasts, as figures revealed the impact of surging prices on household spending and business activity.
Gross domestic product fell 0.3 per cent between March and April, data published by the Office for National Statistics showed on Monday, below the 0.1 per cent increase forecast by economists polled by Reuters.
April’s data confirm the UK economic recovery has stalled as it follows two months without growth in the worst combination of surging prices and lack of economic expansion since the 1970s.
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