Article 63H51 UK economy grows more slowly than expected amid cost of living crisis

UK economy grows more slowly than expected amid cost of living crisis

by
Richard Partington Economics correspondent
from on (#63H51)

GDP rises by 0.2% in July as worker shortages and inflation weigh on activity

Analysis: UK economic growth remains tepid despite sizzling temperatures

The UK economy grew more slowly than expected in July as worker shortages and soaring costs weighed on activity amid the heightened risk of recession.

The Office for National Statistics said gross domestic product (GDP) rose by 0.2% in July, after a sharp fall of 0.6% in June when the additional bank holiday for the Queen's platinum jubilee led to a decline in activity.

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