UK economy flatlines unexpectedly

Business

There was no growth in the UK economy in July, official figures show.

It follows a month of no growth at all in June, the Office for National Statistics (ONS) said.

GDP – the measure of everything produced in the UK – flatlined in the weeks following the election of the Labour government.

Among the G7 group of industrialised nations, the UK had the highest growth rate for the first six months of 2024.

This breaking news story is being updated and more details will be published shortly.

Please refresh the page for the fullest version.

You can receive breaking news alerts on a smartphone or tablet via the Sky News app. You can also follow @SkyNews on X or subscribe to our YouTube channel to keep up with the latest news.

Articles You May Like

Strictly Come Dancing returns as chaperones watch rehearsals
Harvey Weinstein indicted on new sex crimes charges
Starmer says no impact assessment carried out on winter fuel payment squeeze
SpaceX Polaris Dawn Becomes First Spacecraft Mission to Let Non-Professional Crew Perform a Spacewalk
Voyager 1’s Thruster Swap Ensures Continued Operation of Aging Spacecraft in Interstellar Space