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

• Economy shrank by 0.1% in May as coronation hits activity

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 (GDP) fell on the month, after growth of 0.2% in April, as manufacturing, energy generation and construction all dropped as some industries were affected by one fewer working day than normal. City economists had forecast a bigger fall of 0.3%.