UK economy shrinks by more than expected in blow to Rachel Reeves ...Middle East

Chancellor Rachel Reeves acknowledged that the figures were “clearly disappointing” but insisted her spending review would help deliver growth.

On Wednesday, Reeves delivered her first multi-year spending review as Chancellor, promising to “rebuild Britain” with long-term investment across health, housing, energy and transport.

Reeves admits GDP slump is ‘disappointing’ Sort: Newest first Oldest first June 12, 2025 7:26 am

Reeves admits GDP slump is ‘disappointing’

GDP slumped by 0.3 per cent in April, the latest figures from the Office for National Statistics (ONS) shows.

Rachel Reeves delivers her Government’s spending review (Photo: House of Commons/PA)

Reeves insisted but her Sending Review, outlined on Wednesday, would help deliver growth.

“In yesterday’s Spending Review we set out how we’ll deliver jobs and growth – whether that’s improving city region transport, a record investment in affordable homes or funding Sizewell C nuclear power station.

“We’re investing in Britain’s renewal to make working people better off”.

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