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Economy News

The Economic Times

Economy / The Economic Times

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UK economy unexpectedly grows by 0.3% in June, ONS says

Britain's economy saw unexpected growth in June, with gross domestic product rising. The economy expanded by 0.4% during the second quarter, exceeding forecasts. Keir Starmer resigned as prime minister amid political uncertainty during this period. New Prime Minister Andy Burnham pledged to lower business costs and address household expenses. The Iran war is expected to slow future growth due to rising energy prices.

13 Aug 2026 11:49 am