UK economy shrank by 0.3% in April, biggest fall since October 2023, as trade with the US slumped Full story: UK economy shrinks by 0.3% as as exports hit by Trump trade war UK economy shrank by 0.3% in April, biggest fall since October 2023, as trade with the US slumped Full story: UK economy shrinks by 0.3% as as exports hit by Trump trade war “After increasing for each of the four preceding months, April saw the largest monthly fall on record in goods exports to the United States with