UK economy grows by 0.4% in second quarter as some businesses helped by World Cup and hot weather – business live
Summary
The UK economy grew by 0.4% in the second quarter of 2026, helped by spending increases linked to hot weather and the World Cup. Despite this growth, experts expect the economy to slow down in the second half of the year due to rising energy costs and inflation.Key Facts
- UK GDP grew by 0.4% in the second quarter of 2026.
- The UK economy expanded by 2% in the first half of 2026.
- Hot weather and the World Cup boosted consumer spending in retail, hospitality, and advertising.
- Business investment remained strong despite ongoing Middle East conflicts.
- The UK economy is 1.2% larger than a year ago.
- Real GDP per person increased by 0.4% in the second quarter compared to the previous quarter.
- Officials warn that energy price increases and inflation may slow growth in the third quarter.
- The impact of the Middle East conflict on the UK economy is still hard to measure but has caused some concern among businesses.
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