The U.K. economy shrank 0.3% in April, facing declines in industrial and service sectors due to global trade tariffs and domestic tax increases. With businesses struggling, can the economy bounce back?
In response to US tariffs, UK Prime Minister Sir Keir Starmer is set to implement industrial policies to protect British businesses. While seeking a trade deal with the US, he acknowledges the need for state intervention to bolster the economy amid global uncertainty.
