UK's GDP falls 0.3% in April on rising fuel prices
UK's GDP falls 0.3% in April...
Subscribe to Newsletter

UK's GDP falls 0.3% in April on rising fuel prices

13 June 2022
1 min.
UK's GDP falls 0.3% in April on rising fuel prices

Fuel price rises and GDP falls

UK GDP fell by 0.3 per cent in April 2022 on the back of rising energy prices. This is according to data released by the Office for National Statistics on Monday.

The figure was worse than most economists predicted the British economy to grow by 0.1 per cent in April. The country's Gross Domestic Product fell by the same 0.1 per cent in March, compared with no growth in February. Every major sector of the kingdom's economy contributed to the April result, according to the statistics office.

"The manufacturing sector suffered, with many companies telling us they were adversely affected by rising fuel and energy prices," said the director of economic statistics.

Moreover, the British pound is falling 0.4 per cent against the dollar on Monday amid the release of these statistics. At the moment £1 is $1.236.

Also, the London Stock Exchange Index is down 0.98 per cent at the opening of trading on Monday. Oil and mining shares are among the leaders of the fall.

It is worth noting that the Confederation of British Industry has revised down its national GDP growth forecast from 5.1 per cent to 3.7 per cent in 2022 and from 3 per cent to just 1 per cent in 2023 because of the current situation.

Source foto:
Rating companies
14 Mention
11 Mention
Daily Mail
10 Mention
X (Twitter)
7 Mention
The Sun
7 Mention
Labour Party
6 Mention
5 Mention


News -this is the latest and most up-to-date information about the resonant events that have occurred in the region. The task of the resource's news feed is to convey to readers information about important events in business, politics, economics, healthcare, culture and other spheres of life in England with maximum accuracy and objectivity.
News - this is coverage of the economic processes taking place in England, the latest news of public life, incidents and an overview of political events. English news is information about the activities of small and medium-sized businesses, the work of housing and communal services, the implementation of significant projects. The site's journalists describe not only the life of the region, but also talk about the current state of the English economy. Everything you need to know about innovations in the field of industry and agriculture, economy and government is collected in the "News" section on
News of England promptly informs the reader, shows the real picture and opens up topical topics. Communication with government structures and business gives us the opportunity to provide our readers with reliable, information-rich material.
The main page of the portal contains the key news of England!
Alena Potapova

Development Director
Died this year
Born this year