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GDP jump offers Rachel Reeves some light as UK enters Trump tariff tunnel | Economic growth (GDP)

11 April 2025
in World
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GDP jump offers Rachel Reeves some light as UK enters Trump tariff tunnel | Economic growth (GDP)
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Earlier this year, Chancellor Rachel Reeves faced criticism for her tax-raising budget that threatened the UK’s economy. However, the unexpected 0.5% economic growth in February offers a glimmer of hope, suggesting resilience amid global trade tensions and rising costs. Despite this positive news, economists warn of a challenging outlook due to potential impacts from US tariffs and domestic tax increases, leading to concerns over business investment and the need for interest rate cuts to support the economy.

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Tags: EconomicentersGDPgrowthjumplightoffersRachelReevestariffTrumpTunnel
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