Reeves disappointed after economy unexpectedly shrinks
229d ago
Business
BBC Business
The UK economy experienced an unexpected contraction in May, marking the second consecutive month of decline. This downturn intensifies the scrutiny on Chancellor Reeves and raises concerns about potential recessionary pressures. Economists are analyzing the contributing factors, including inflation and supply chain disruptions, to assess the severity and duration of the economic slowdown. The contraction increases pressure on the government to implement measures to stimulate growth and support businesses.