Get all your news in one place.
100's of premium titles.
One app.
Start reading
Evening Standard
Evening Standard
World
Jonathan Prynn and David Bond

GDP: Economy contracts 0.1 % in second quarter amid cost of living crisis

(Picture: Getty Images)

Britain’s GDP fell 0.6 per cent in June as the cost of living crisis and working time lost during the national celebrations for the Queen’s Platinum Jubilee sent output tumbling.

The fall means that the economy shrank 0.1 per cent in the three months to June, the first time it has contracted over a quarter since the end of the second long lockdown in Spring 2021.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.