{"id":417843,"date":"2025-09-12T07:09:14","date_gmt":"2025-09-12T07:09:14","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/417843\/"},"modified":"2025-09-12T07:09:14","modified_gmt":"2025-09-12T07:09:14","slug":"uk-economic-growth-stalls-in-july","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/417843\/","title":{"rendered":"UK economic growth stalls in July"},"content":{"rendered":"\n<p data-start=\"119\" data-end=\"259\">UK GDP flatlined in July, with zero growth recorded after a 0.4% expansion in June, according to the Office for National Statistics (ONS).<\/p>\n<p data-start=\"261\" data-end=\"370\">Over the three months to the end of July, the <a href=\"https:\/\/www.moneymarketing.co.uk\/tag\/economy\/\" target=\"_blank\" rel=\"noopener\">economy<\/a> grew by just 0.2% compared with the previous quarter.<\/p>\n<p data-start=\"372\" data-end=\"554\">The ONS said the service sector remained a bright spot, supported by healthcare, computer programming and office support services, but this was offset by weakness in manufacturing.<\/p>\n<p data-start=\"556\" data-end=\"687\">The figures pile pressure on the government ahead of the November Budget, with boosting economic growth a key political priority.<\/p>\n<p data-start=\"689\" data-end=\"710\"><strong data-start=\"689\" data-end=\"708\">Market reaction<\/strong><\/p>\n<p data-start=\"712\" data-end=\"1049\">Raymond James European strategist Jeremy Batstone-Carr said July\u2019s flat reading confirmed the economy \u201cstalled at the start of the second half of the year,\u201d though underlying details left \u201csome scope for cautious optimism.\u201d<\/p>\n<p data-start=\"712\" data-end=\"1049\">He noted that warm weather supported agriculture and construction but weighed on utilities and retail spending.<\/p>\n<p data-start=\"1051\" data-end=\"1294\">YOU Asset Management CEO Derrick Dunne said the figures made for \u201cdisappointing reading\u201d as the government prepares for the Autumn Budget.<\/p>\n<p data-start=\"1051\" data-end=\"1294\">\u201cThe economy needs growth to outrun its debts and at present, this is not being delivered,\u201d he warned.<\/p>\n<p data-start=\"1296\" data-end=\"1603\">Nutmeg strategist Scott Gardner highlighted that businesses were still digesting April\u2019s National Insurance changes and the living wage increase, with uncertainty weighing on investment.<\/p>\n<p data-start=\"1296\" data-end=\"1603\">\u201cIf growth is the top priority, the economy\u2019s recent sluggishness is bad news ahead of the upcoming Budget,\u201d he added.<\/p>\n<p data-start=\"1605\" data-end=\"1913\">Aberdeen deputy chief economist Luke Bartholomew said the flat reading was \u201cin part due to payback from very strong growth in June.\u201d<\/p>\n<p data-start=\"1605\" data-end=\"1913\">He expects growth to slow in the second half of the year but said inflation remained the Bank of England\u2019s main focus, with one more rate cut still possible before year-end.<\/p>\n<p data-start=\"1915\" data-end=\"2230\">Mattioli Woods fund manager Jonathan Marchant noted that July\u2019s in-line reading followed \u201cforecast-beating\u201d indicators such as retail sales and consumer confidence.<\/p>\n<p data-start=\"1915\" data-end=\"2230\">He said the UK economy had shown \u201cremarkable resilience\u201d despite external shocks, but added that momentum heading into the Budget remains uncertain.<\/p>\n","protected":false},"excerpt":{"rendered":"UK GDP flatlined in July, with zero growth recorded after a 0.4% expansion in June, according to the&hellip;\n","protected":false},"author":2,"featured_media":417844,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,4],"tags":[748,393,4884,1144,712,16,15,1764],"class_list":{"0":"post-417843","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-uk","8":"category-united-kingdom","9":"tag-britain","10":"tag-england","11":"tag-great-britain","12":"tag-northern-ireland","13":"tag-scotland","14":"tag-uk","15":"tag-united-kingdom","16":"tag-wales"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115190075489274771","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/417843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=417843"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/417843\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/417844"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=417843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=417843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=417843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}