UK economy stagnated in July, GDP data shows

September 12, 2025 1:12 PM

UK economy stagnated in July, GDP data shows

Britain's economy recorded zero monthly growth in July, in line with economists expectations, after a strong 0.4% bounce in June, official figures showed on Friday. Gross domestic product in July was 1.4% higher than a year earlier - unchanged from annual growth in June - but a shade lower than the 1.5% growth forecast in a Reuters poll. Britain's economy grew robustly by its recent standards in the first half of 2025, expanding by 0.7% in the first quarter of the year and 0.3% in the second -...

UK economy slows less than expected in second quarter

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...