Depressing data comes as Rachel Reeves and her team were daring to hope business confidence was recoveringUK economy shrinks unexpectedly in blow to ReevesMay’s unexpected 0.1% decline in GDP will make depressing reading for Rachel Reeves before a tough budget in the autumn.Stronger-than-expected growth would have helped to alleviate the squeeze on the public finances – but there is nothing in this latest data pointing to an upturn. Continue reading...