Economy continues recovery but election stifles growth in June
The UK economy flatlined in June as the General Election put a hold on business spend, new GDP figures released this morning show.
The Office for National Statistics (ONS) said the economy grew by 0.6% in the second quarter of the year, down from growth of 0.7% in Q1.
The ONS said: "In a range of industries across the economy, businesses stated that customers were delaying placing orders until the outcome of the election was known."
Services (+0.8%) grew while production (-0.1%) and construction (-0.1%) both contracted.
Li... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
