UK economy grows 0.6% – as general election and strikes partially blamed for flatline in June | Business News
The UK economy grew 0.6% over three months, official figures show. But there was no growth at all in June, the Office for National Statistics said, as businesses delayed purchases until after the general election. “In a range of industries across the economy, businesses stated that customers were delaying placing orders until the outcome of the election was known,” the ONS said, however, it added that it is difficult to quantify the exact impact. Money blog: Aldi axes click and collect Strikes were also identified as a reason for the flatline – with junior doctors striking at the time. The impact of international industrial disputes was also seen as last year’s US Screen Actors Guild strike is still affecting UK production schedules, the ONS said. The June gross domestic product (GDP) number fell from a month earlier when the economy expanded 0.4%. GDP – the measure of everything produced in the UK – expanded from April to June. How does the UK compare? That growth rate was the second highest among the G7 group of …
