UK economy shrinks by 0.1% in May after coronation festivities

GDP fell month on month after growth of 0.2% in April, reports ONS

Britain’s economy shrank by 0.1% in May after a hit to activity from a trio of bank holidays, including for King Charles’s coronation.

The Office for National Statistics said that gross domestic product fell on the month, after growth of 0.2% in April. However, City economists had forecast a bigger fall of 0.3%.