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Economic growth exceeds expectations in July

The UK economy grew quicker than expected in July with a growth rate of 0.3 per cent.

UK economy contracts for the first time in seven years

The Office for National Statistics has revealed that the UK economy has shrunk for the first time since the fourth quarter of 2012, with a 0.2 per cent fall between April and June.

Net public sector borrowing hit five-year high in June

Higher debt interest payments and increased spending on services saw government borrowing hit £7.2 billion in June 2019, the highest level since 2015.

Car production falls, causing contraction of UK economy

The UK economy has contracted because of “dramatic” fall in car production, according to ONS figures.

Chancellor remains upbeat in face of GDP growth's last-quarter slowdown

In response to a report published this morning by the Office of National Statistics, which indicated the UK's GDP growth rate falling to 0.2 per cent in the last quarter of 2018, the chancellor has remained positive and stated that "the UK's economy continues to grow".

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