Pound dips after UK economy grinds to a halt in July with no growth in GDP – business live

Economy “does feel stuck”, says Treasury spokesperson, after UK GDP is unchanged in July

Newsflash: UK economic growth ground to a halt in July.

GDP was unchanged in July, new data from the Office for National Statistics, just released, show.

Although that’s in line with City forecasts, it must be disappointing news for chancellor Rachel Reeves as she prepares the Autumn budget.

It means the economy slowed to a halt, compared with June when the economy grew by 0.4%, according to the ONS.