The UK's economic shrinkage by 0.3% in April 2025 is alarming, especially with the largest drop in goods exports to the US since records began. This, coupled with persistent inflation and a sluggish economy, paints a worrying picture. The Bank of England's potential decision to hold interest rates steady amidst such conditions could exacerbate the situation, stifling growth further. With global economic forecasts also being revised downwards, it's clear we're facing a perfect storm of challenges. How can we expect recovery when the very foundations of our economic policy seem to be wavering?
Discussion
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