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Subscriber OnlyBusinessCity of LondonUK Economy Unexpectedly Shrinks in March: The London RushThe BT tower in LondonPhotographer: Hollie Adams/BloombergByCharles Capel and Leonard Kehnscherper+FollowMay 12, 2022, 6:47 AM UTCHere’s the key business news from London this morning.GDP : The UK’s economy unexpectedly contracted in March as the cost of living squeeze saw consumers cut back on spending.