The Chancellor said a sharp contraction in GDP in April is "disappointing" but insisted her spending review will deliver growth.The economy saw the biggest monthly contraction for a year-and-a-half in April as manufacturing activity pulled back sharply amid a record drop in exports to the US following President Donald Trump's tariff hikes.

The Chancellor said a sharp contraction in GDP in April is "disappointing" but insisted her spending review will deliver growth.The economy saw the biggest monthly contraction for a year-and-a-half in April as manufacturing activity pulled back sharply amid a record drop in exports to the US following President Donald Trump's tariff hikes.