Britain’s economy has ground to a halt as businesses and households tighten their belts ahead of Rachel Reeves’s tax-raising Budget.
Economic growth flatlined at 0pc in July, down from 0.4pc in June, data from the Office for National Statistics (ONS) shows.
The sluggish economic growth economy paints a grim picture for the Chancellor as she prepares for her autumn Budget on November 26.
In the three months to July the UK recorded economic growth of 0.2pc, slowing from 0.3pc in the three months to June.
Liz McKeown, from the ONS, said: “Growth in the economy as a whole continued to slow over the last three months. While services growth held up, production fell back further.
