‘Course correction’: UK economy to contract as ‘energy shock catches up’

https://www.cityam.com/wp-content/uploads/2026/06/Rachel-Reeves-spoke-about-AI-adoption-to-boost-the-UK-economy-e1781002957905.jpg?w=1108" />

The UK economy is expected to contract despite a boost at the start of the year, with economists warning that the war in Iran’s energy price shock will now show up in fresh data.

Economists believe that the UK economy declined by 0.1 per cent in April.

Official figures will be published on Friday.

The https://www.cityam.com/correction-uk-economy-to-contract-as-energy-shock-catches-up/">[...]