Channel 4 News
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UK economy shrank in January
Posted
March 14, 2025
Views
8,853
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March 14, 2025
8,853
145
52
2.23%
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0:24Now PlayingThe UK economy unexpectedly shrank in January.
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GDP fell by 0.1%, largely due to a decline in manufacturing output - while falls in hospitality, arts and entertainment also put a dent in growth.
Rachel Reeves said plans to increase defence spending would boost the economy.
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