AI

UK economy flatlines in July in grim news for Rachel Reeves

Published 4 hours ago
UK economy flatlines in July in grim news for Rachel Reeves

Official GDP figures confirm widely expected slowdown after strong expansion in first half of the year

The UK economy flatlined in July, according to official figures, in grim news for Rachel Reeves as she gears up for a challenging budget.

It was a slowdown compared with June, when the economy grew by 0.4%, according to the Office for National Statistics.

Continue reading...
Economic growth (GDP)BusinessEconomicsEconomic policyPoliticsUK newsServices sectorManufacturing sector

Related from theguardian.com