UK economy posts surprise 0.3% growth in three months to June | Economic growth (GDP)

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The UK economy grew upon a quicker rate or expected in the second quarter, leave a strong beginning of a strong downfall of the period increases and Donald Trump's Global Trade War.

Figures from the Office for national statistics showed growth in gross domestic product (BBP) slow down to 0.3% during the three months to end of June, down from a rate of 0.7% in the first quarter.

Although slap of the city of a quash to 0.1% growth, the last snapshot underlines the challenge for the cannier, Rachel ReevesAs they considers options to encourage the economy and increase income at their autumn budget.

Liz Mckeown, The Ons Director Economic Statistics, said, “Growth went to the year after February and with the activity to stamp ladies, but then in June.

“Over the second quarter or a whole growth was led by services, with computer programs, health and auto leasing growing.

“Construct increased if production fell a little bit of the quarter for the quarter was also imposed by updated Source data for April, which you estimated a shrinking.”

The numbers were released as monthly numbers left the economy in June, expanded by 0.4%, rise for 0.1% growth in a recovery of two months of negative output in April and May.

Ben Jones, the lead Econted by the CBI, said, “A modest rebound brought to a positive near that the strong growth was previously a one-time and underlying conditions remain fragile.”

Reeves said: “The economic figures are positive with a strong start to the year and continuous growth in the second quarter to do to do an economy who works for people.

“I know that the British economics has the major ingredients for success, but has been too long for too long.

“That's why we invests to remark, our national infrastructure to break again to bring again and the impulse to do and the figure today to deliver my plan to deliver for change.”

Mel Stripped, the shadow shorelier, “Any economic growth is welcome, but with business leaders who says all indicators are red, and significant economies stretched Rachel Reeves Has a £ 50 Billion Black hole made in public finance, Rachel Reeves's economic vandalism is clear. “

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Reeves Hat teasing to use their autumn budget To spread from Britain Pornener's Dractivity Track Record, using a Exclusive item In the Guardian on Wednesday to Downplay speculation on tax returns.

While the stronger-than-expected growurore in the second quarter of which relief would deliver into the chancellor, said economists, it could the Bank of England's Path to cut interest rates.

Threadslele Street had a quarter in the second quarter. Past week, it warned continuous growth and increasing performing pressure, for the surgeon can force by food to remove further cuts to pay costs.



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