Thu, 14 Aug 2025

Thu, 14 Aug 2025 Are latest UK growth figures good or bad news for the economy?

Depending on the timeframe you look at, the GDP figures can be seen as glass half full or half empty.

* UK GDP growth slowed to 0.3% in spring quarter (April-June), down from 0.7% at start of year
* Economy had been expected to almost stop growing, but June data was better than expected and April figure revised up
* First half-year GDP growth exceeds that of other major economies, with solid overall growth despite challenges
* Revised figures show combined January-March and April-June growth at 1%, beating rest of advanced economies
* Consumer confidence remains low due to tax rises, worker-costs, and job creation issues in retail and hospitality sectors
* However, some industries such as IT sector are doing well, and better trade terms with EU and India expected to boost growth
* Further slow growth expected in next few months, but recessionary vibes are off the mark
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