Pound tumbles as recession fears grow after UK economy shrinks by 0.3% in April - The Independent

GDP falls faster than experts had forecast as government cuts back on Covid spending and manufacturers are hit by higher prices

The pound fell against the dollar and UK stock markets tumbled on Monday after gloomy figures showed the country was edging closer to a recession. The economy shrank unexpectedly in April amid spira… [+4735 chars]

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