UK economy unexpectedly contracted 0.1% in January

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Rulla Khalaf, the FT editor, chooses its preferred stories in this week’s news.

In January, the British economy unexpectedly contracted 0.1 percent to Chancellor Rachel Rivin in January.

The monthly GDP of the National Statistics Office on Friday was the 0.1 percent increase in the estimated economists projected by the Reuters and 0.4 percent.

The Chancellor is going to extend the public expenses of the March 26 spring statement after frustrating, and government loan figures have feared that he is a path to violate his fiscal rules.

As a result of the escalating trade war, US President Donald Trump has been added to the head of the UK.

The pounds slightly weakened after the data release, the 0.2% decreased against the dollar – $ 1,292.

Next week, the Bank of England will take 4.5% of its meetings under the removal of inflation. Last month, BOE cuts its economic growth forecast from 2025 to 0.1 percent in the first quarter of 0.4 percent expected in November.

In July of last year, the main election was held by the promise of starting growth, but Reeves has criticized its October budget, leaving 40 billion pounds.

This is a developing story