There was no growth in the UK economy in July, official figures show.
It’s the second month of stagnation, the Office for National Statistics (ONS) said as GDP – the measure of everything produced in the UK – flatlined in the weeks following the election of the Labour government.
Signs of growth
But there’s “longer term strength” in the services sector meaning there was growth over the last three months as a whole and 0.5% expansion in the three months up to July.
Among the G7 group of industrialised nations, the UK had the highest growth rate for the first six months of 2024.
This breaking news story is being updated and more details will be published shortly.
Please refresh the page for the fullest version.
You can receive breaking news alerts on a smartphone or tablet via the Sky News app. You can also follow @SkyNews on X or subscribe to our YouTube channel to keep up with the latest news.
