HomeAI · summaries
Storia in 2 fonti
Blow for Burnham as UK economy expected to have dipped in his first weeks as PM
Jump to contentAllNewsSportCultureLifestyleAndy Burnham (Leon Neal/PA) (PA Wire)Economists from Investec and Pantheon Macroeconomics predict that official figures will show a 0.1 per cent contraction in UK GDP for July due to weak retail activity and higher household energy costs. The anticipated economic dip marks a downbeat start to the tenure of Andy Burnham, who assumed office as Prime Minister after replacing Keir Starmer in the second half of July. The expected monthly contraction follows a strong June performance where the economy expanded by 0.3 per cent, helping push overall growth across the second quarter to 0.4 per cent. Experts suggest a 13 per cent uplift in the energy price cap and a 0.5 per cent fall in retail sales constrained household budgets, offsetting earlier economic gains. While retail and wholesale output slipped, hospitality businesses benefited from a surge in accommodation and food services spending driven by hot weather and England's World Cup run. In fullUK economy likely to have shrunk in July as retail sales dip and energy bills soarMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
Confronto fonti
2 prospettive sulla stessa storiaTimeline cronologica
- ·
independent.co.uk
UK economy likely to have shrunk in July as retail sales dip and energy bills soar
Andy Burnham replaced Keir Starmer in the second half of July but it appears this did not result in a boost to the UK economy
- ·
Blow for Burnham as UK economy expected to have dipped in his first weeks as PM
Jump to contentAllNewsSportCultureLifestyleAndy Burnham (Leon Neal/PA) (PA Wire)Economists from Investec and Pantheon Macroeconomics predict that official figures will show a 0.1…
