Men and women hang out at the end of the day outside the castle in London, the United Kingdom.
Robert Nickelsberg | News about Getty Images | Getty Images
The UK economy unexpectedly decreased by 0.1% of the month of the month in January, Official figures have shown on Friday.
The British Office for National Statistics said that the decline is generally a consequence of contraction in the production sector.
The economists surveyed by Reuters expected GDP in the country to grow by 0.1%.
The economy in the UK increased by 0.1% in the fourth quarter, beating expectations, the OnS data showed last month. He was handled in the third quarter.
Monthly GDP data since then have been plaid, with 0.1% contraction in October, Extension of 0.1% in November and 0.4% monthly expansion in December thanks to the growth of services and production.
The GDP edition Friday will be the last printing of data before the “Spring Statement” Treasury in the UK on March 26, when Chancellor Rachel Reeves represents an update about its plans for the British economy.
The statement was released together with the economic forecasts of the Budget Responsibility Office, an independent economic and fiscal forecast in the UK, which provides an estimate of the probable influence of government taxes and consumption plans.
There was concern Fiscal treasury planswho were exposed last fall and will increase the tax burden on British companies, could strive to invest, workplaces and grow. Reeves defended the tax rise by saying that they were a one -time measure and needed to strengthen investment in public services.
In February, the Bank of England achieved its first decrease in interest rates in the year and signaled further reduction because it halved the Green Growth forecast for 2025. From 1.5% to 0.75%.
The Central Bank announced that it would judge how to balance the need to increase growth with an inflation risk representing the trade tariff of US President Donald Trump. The UK has not been targeted so far.
This breaking news is updated.
