UK economic growth slows down as Iran war pushes up energy prices

INTELLIGENCE SUMMARY

GDP expanded by 0.4% in three months to June, down from 0.6% in the first quarter, says ONS Economic growth slowed in the second quarter of the year, as the disruption unleashed by the Iran war began to take its toll, official figures show. The Office for National Statistics (ONS) said GDP expanded by 0.4% in the three months to June, down from 0.6% in the first quarter, in line with City economists’ expectations. Continue reading...