UK economy shrinks unexpectedly by 0.1% in blow to Rachel Reeves

May’s fall in GDP fuelled by sharp declines in manufacturing and construction

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Britain’s economy unexpectedly shrank in May, fuelled by sharp declines in manufacturing and construction, in a blow for chancellor Rachel Reeves.

The Office for National Statistics said gross domestic product fell by 0.1% in May, missing City predictions of a 0.1% monthly expansion.

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