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Evening Standard
Evening Standard
Business
Michael Hunter

Double whammy hits London economy on top of house price fall

London Economy Lloyds Scottish Friendly

London house prices fell in June and there was a double whammy of bad news from the capital’s businesses and savers today as the economy continues to teeter on the brink of contraction.

Offficial numbers out this morning confirmed the UK dodged a recession in the first quarter of 2023, with overall growth of 0.1%, in line with the reading for the last quarter of last year.

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