UK Economic Growth Slows to 0.3% in Second Quarter

The UK economy expanded by 0.3% between April and June, according to the Office for National Statistics (ONS) — a better-than-expected result but still slower than the first quarter’s performance.

Growth was underpinned by a 0.4% rise in the services sector and a 1.2% boost in construction, while production output fell by 0.3%.

Chancellor Rachel Reeves welcomed the figures as “positive,” but acknowledged that “there’s more to do” to strengthen the economy. Shadow chancellor Mel Stride accused Reeves of “taxing your future to fund her failure.”

Economic performance has a direct impact on pay rises, job prospects, and the amount of tax revenue available for public services.