August 14, 2025 2:02 PM
UK economy slows less than expected in second quarter
Britain's economy slowed less than expected in the second quarter of 2025 after a strong start to the year, despite the shock of U.S. trade tariffs and a weaker jobs market, offering some relief to finance minister Rachel Reeves. Official figures published on Thursday showed gross domestic product grew 0.3% in the second quarter after growth of 0.7% in the first three months of 2025, above the 0.1% forecast by the Bank of England and a Reuters poll of economists. Sterling rose slightly against...