Output grew only 0.3 per cent between April and June - a sharp slowdown on the previous three-month period when the economy expanded by 0.7 per cent.

Britain’s economic growth was cut in half in the second quarter of the year, official figures show, as businesses grappled with the effects of Rachel Reeves’s tax raid.

The Office for National Statistics ( ONS ) said gross domestic product (GDP) grew by 0.3 per cent between April and June this year.

It is the most dismal start to any Chancellor’s time in office of recent years – and it’s only going to get worse from here

Output grew only 0.3 per cent between April and June - a sharp slowdown on the previous three-month period when the economy expanded by 0.7 per cent.