UK economic growth slows but beats forecasts

UK economic growth slows but beats forecasts
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UK economic growth slowed between April and June, according to official figures, but was better than expected.

The economy expanded by 0.3%, down from 0.7% in the first three months of the year, the Office for National Statistics said.

The biggest contribution came from services while the construction industry also grew.

The UK government has made boosting economic growth a key priority and the latest data beat forecasts of 0.1% expansion.

Chancellor Rachel Reeves said the figures were “positive” but added: “There is more to do to deliver an economy that works for working people.”

However, Liberal Democrat MP Daisy Cooper, said: “Snails would scoff at the pace that our economy is growing.”

A Bar chart showing quarterly growth in UK gross domestic product (GDP) from April to June 2023 to 2025. The figures are as follows: Q2 2023 0%; Q3 2023 -0.1%; Q4 2023 -0.2%; Q1 2024 0.9%; Q2 2024 0.5%; Q3 2024 0%; Q4 2024 0.1%; Q1 2025 0.7%; Q2 2025 0.3%.
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