Britain's Chancellor of the Exchequer Rachel Reeves attends a plenary at the UK-France Summit in Downing Street, London Thursday, July 10, 2025. (Yui Mok/Pool Photo via AP)Rachel Reeves has been dealt another blow after the UK economy unexpectedly shrank in May.Economists had expected gross domestic product (GDP) to bounce bank after it contracted in April.However, the Office for National Statistics has revealed that GDP actually shrunk again, by 0.1%, in May.Reeves said: “Getting more money in people’s pockets is my number one mission. While today’s figures are disappointing, I am determined to kickstart economic growth and deliver on that promise.”But despite the chancellor’s warm words, David Morrison, senior market analyst at financial services provider Trade Nation, warned that even worse could be yet to come. He said: “Yet again, this is another poor piece of UK economic data which can only add to chancellor Rachel Reeves’s woes.“But it will be next month’s quarterly growth lookback, which will be watch
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