The UK economy grew faster than expected in June, and expanded 0.5 per cent, helping to bring growth in the second quarter to 0.2 per cent – but analysts are divided about what the figures say for the coming months. Growth in June was given a boost by a strong performance from the production sector, which includes manufacturing, as well as warmer weather attracting punters to pubs and restaurants.
The figure was also flattered by its comparison to May, when there was an extra bank holiday for the king’s coronation. Samuel…Will Bank Of England’s Rate Hikes Tip The UK Into Recession?
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