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The Guardian - UK

Business

Heather Stewart

UK economy flatlines in July in grim news for Rachel Reeves

Rachel Reeves Economy United Kingdom GDP

A woman paints a pattern on a ceramic plate — GDP had been widely expected to slow in the second half of the year. Photograph: Christopher Thomond/The Guardian

The UK economy flatlined in July, according to official figures, in grim news for Rachel Reeves as she gears up for a challenging budget.

It was a slowdown compared with June, when the economy grew by 0.4%, according to the Office for National Statistics.

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