The UK economy contracted by 0.1% in April, marking its first decline in eight months. This downturn follows a period of stronger than expected growth in March, which had seen a 3% rise.
The contraction is attributed to the war in Iran and the broader conflict in the Middle East. The UK's expansion slid into reverse as energy prices rose following Iran's closure of the strait of Hormuz, a vital shipping route for global trade.
Official figures show that services activity declined, with companies citing ongoing pressure stemming from the Middle East conflict.
This economic slowdown adds further pressure to embattled Prime Minister Keir Starmer.