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

CNBC Daily Open: Markets just had an expectations-defying month
Arráez holds on to deny Ohtani the Triple Crown
Mark Zuckerberg is now world’s second-richest person, ahead of Jeff Bezos
‘I am so ashamed of what you and your inner circle have done’: MP quits Labour and hits out at Starmer
Country music star Garth Brooks accused of rape in lawsuit