The Office for National Statistics said gross domestic product contracted by 0.1% in May, following a 0.3% drop in April.

It followed a 0.3pc downturn in April after President Trump launched his so-called “liberation day” tariffs. Analysts had ...

The grim figures heap pressure on the Chancellor, who has been hoping that growth can help her balance the government books.

The grim figures heap pressure on the Chancellor, who has been hoping that growth can help her balance the government books.