<ul data-eligibleForWebStory="false"><li>UK's unexpected 0.1% decline in GDP for May puts focus on expectations of tax rises for autumn budget.</li><li>The consecutive contractions in GDP, following April's 0.3% contraction, suggest a possible economic decline for the second quarter of the year.</li><li>May's decline in GDP was attributed to a 0.9% fall in industrial production, with manufacturing down by 1%, notably in vehicle manufacturing.</li><li>Speculation about tax rises following recent policy changes risks impacting consumer and business confidence ahead of the autumn budget.</li></ul>

Fall in UK GDP puts focus back on expectations of tax rises in autumn budget

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