The British economy unexpectedly closed by 0.1% in January


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The British economy unexpectedly closed by 0.1 %in January, which this month before its high spring statement, Rachel Reeves wound.

The Friday monthly GDP issue from the Office for National Statistics was under the growth of 0.1 % of the predicted economists responded to Reuters and in December 0.4 %.

The Chancellor is preparing for public expenses in his 26th March Spring statement after disappointing growth and government loans raised concerns that it is good to travel to break her fiscal rules.

Sleeping from US President Donald Trump is increasing the trade war to the head of the United Kingdom.

After release, the pound slightly weakened, by 0.2 percent against the dollar for $ 1.292.

The Bank of England is expected to maintain rates at 4.5 percent in the middle of the flickering inflation next week. Last month, Boe reduced its economic growth forecast in the first quarter of 2025 to 0.1 % of 0.4 % expected in November.

The Labor won the general elections last July with the promise of growth, but Reeves faced criticism over her October budget, which left businesses carrying a onslaught of 40 billion pounds while increasing taxes.

This is a developing story

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