UK economy contracts 0.1 per cent in May

Paul Dales, chief UK economist at the consultancy Capital Economics, said that the economy was experiencing a “hangover from the burst of activity” at the beginning of the year.

Paul Dales, economist at the consultancy Capital Economics, calculated that even if GDP improved to a flat reading in June, growth would still have slowed to just 0.1 percent overall in the second...

“If a lot of money needs to be raised, it’s hard to see how the chancellor does this without breaking her tax pledges — although there will undoubtedly be some political spin that tries to convince...