UK economy saw zero growth in July
Summary
The UK economy did not grow in July, following a 0.4% rise in June. The government faces pressure to boost economic growth before it presents its next budget in November.Key Facts
- The UK economy showed zero growth in July.
- In June, the economy had grown by 0.4%.
- The Office for National Statistics (ONS) provided these figures.
- The government is under pressure to improve economic growth.
- The next budget is scheduled for November 26.
- Some businesses are delaying hiring and investments due to uncertainty about possible tax increases.
- The ONS noted positive performance in services like health and computer programming.
- Manufacturing industries experienced declines in production.
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